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USDA data cited by a South Carolina outlet show US ground beef at $4.46/lb and boneless chicken breasts at $3.35/lb, both up from a year earlier. The commissioner attributes the rise to processing plant and restaurant closures that cut off demand during COVID-19 outbreaks.
Retail meat price increases reflect processing disruptions rather than a shortage, so the effect on live cattle and feeder demand is mainly through packer margins. Feed buyers should view this as a retail-level story with limited direct feed price impact.
abccolumbia.comTim ScottJul 9, 2020Not 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.
