# Biden v Big Meat: Can the US tackle rising beef prices?

> The BBC reports that US retail meat prices have risen sharply, with beef up 14% since December 2020, pork up 12.1% and poultry up 6.6%. The White House has pledged $500m in federal loans and grants to help new meat processors compete with large packers.

- Date: 2021-10-01 · published 2021-10-01T12:00:00.000Z
- Category: policy · region US · magnitude low
- Page: https://feedsoft.ai/events/44702-biden-v-big-meat-can-the-us-tackle-rising-beef-prices
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

Policy efforts to add processing capacity could eventually ease packer margins, but near-term retail strength reflects tight supply and does little to change cattle or hog feed demand.

## Read by commodity

- HOGS: neutral
- CHICKEN: neutral
- LCATTLE: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| LCATTLE | 2022-12-07 | [US scrutinising tariff rates for beef imports - Beef Central](https://feedsoft.ai/events/38170-us-scrutinising-tariff-rates-for-beef-imports-beef-central.md) | +0.9% | +2.2% |
| LCATTLE | 2022-02-16 | [The Price of Beef and the Price of Cattle \| Feedlot Special \| feedlotmagazine.com](https://feedsoft.ai/events/42825-the-price-of-beef-and-the-price-of-cattle-feedlot-special-feedlotmagazine-com.md) | +1.0% | -1.5% |
| LCATTLE | 2021-06-17 | [Explainer: How four big companies control the U.S. beef industry](https://feedsoft.ai/events/46714-explainer-how-four-big-companies-control-the-u-s-beef-industry.md) | +1.2% | +0.4% |
| LCATTLE | 2019-04-25 | [Lawsuit claims Tyson, Cargill and JBS fixed beef prices \| Food Dive](https://feedsoft.ai/events/59555-lawsuit-claims-tyson-cargill-and-jbs-fixed-beef-prices-food-dive.md) | -5.9% | -11.0% |
| LCATTLE | 2019-09-24 | [What’s the relationship between U.S. and Canada feeder cattle?](https://feedsoft.ai/events/57033-what-s-the-relationship-between-u-s-and-canada-feeder-cattle.md) | +2.8% | +8.3% |
| HOGS | 2026-08-31 | [Cattle, Hog Prices Are Still Trapped and Heading Lower. What to Watch Next.](https://feedsoft.ai/events/18028-cattle-hog-prices-are-still-trapped-and-heading-lower-what-to-watch-next.md) | -0.1% | -7.2% |
| HOGS | 2021-10-06 | [USDA’s CCC takes on big role as presidents look to fund priorities \| 2021-10-05  \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/44524-usda-s-ccc-takes-on-big-role-as-presidents-look-to-fund-priorities-2021-10-05.md) | -2.7% | -16.2% |
| HOGS | 2021-07-09 | [USDA Announces $500 Million for Expanded Meat & Poultry Processing Capacity as Part of Efforts to Increase Competition, Level the Playing Field for Family Farmers and Ranchers, and Build a Better Food System \| USDA](https://feedsoft.ai/events/46061-usda-announces-500-million-for-expanded-meat-and-poultry-processing-capacity-as.md) | +1.9% | +0.5% |

## Sources

- bbc.com: https://www.bbc.com/news/business-58659478

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.