Related Searches: Tea Vitamin Nutrients Ingredients paper cup packing

Food & Health Ingredients
Health & Nutrition
Processing & Packaging
Starch & Starch Derivatives

Pandemic Price Bump for Meat is Ending

foodprocessing 2020-09-21
Share       

Meat prices that spiked during the pandemic are coming back down, in a move that’s good news for consumers but bad for producers and processors.

Retail prices for ground beef, chicken and pork loins are all at pre-pandemic levels, and certain products are even cheaper. The USDA predicts that cash receipts for ranchers and other meat producers will dro by 8% this year.

The pandemic even lowered the price of premium beef by forcing feedlot owners to keep cattle back while processing plants suffered slowdowns and shutdowns related to COVID. As the cattle continued to feed, they packed on weight – up to 100 pounds in some cases – that translated into fattier, better-marbled beef. This has increased the supply of Prime beef, USDA’s highest classification.

There are still some pandemic-related concerns, industry players told the Wall Street Journal. Animals remain backed up in the supply chain; meat exports, especially to China, are way down; and a second wave of the pandemic could cripple the industry as badly or worse than the first.

E-newsletter

Subscribe to our e-newsletter for the latest food ingredients news and trends.

Tags

Recommended Products

Phytosterols

Phytosterols

Cassava starch processing line

Cassava starch processing line

Astaxanthin

Astaxanthin

Sugar cane harvester

Sugar cane harvester

Chloroquine Phosphate

Chloroquine Phosphate

Top

SJGLE B2B Website : 中文版 | ChineseCustomer Service: 86-400 610 1188-3 ( Mon-Fri 9: 00-18: 00 BJT)

About Us|Contact Us|Privacy Policy|Intellectual Property Statement

Copyright 2006-2023 Shanghai Sinoexpo Informa Markets International Exhibition Co Ltd (All Rights Reserved). ICP 05034851-121