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Consumer prices for meat, poultry, fish and eggs rose 10.5% over the past year, with beef up 17.6%. Kansas City Fed economist Nathan Kauffman attributes the increase mainly to strong demand after reopening combined with limited supply capacity.
Pandemic-era plant disruptions are a smaller factor now.
Strong retail meat demand and limited processing capacity support livestock and poultry prices, which can sustain demand for feed grains and protein meals.
fortune.comMegan LeonhardtOct 14, 2021Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
