The American meat shortage is pushing prices to unprecedented heights — here's how it could affect your grocery bill
serious issues in the American supply chain.
With pork and beef production plunging by 35%, CoBank economist Will Sawyer says shortages and price inflation are "nearly assured." A trip to the grocery store is about to get more expensive if you have meat on your shopping list. Experts expect prices to skyrocket in the coming weeks, as meat processing plants across the US are forced to close due to the coronavirus pandemic. Pork and beef prices could increase by as much as 20% compared to 2019, according to a new report from CoBank, a cooperative bank that is part of the Farm Credit System.
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