# Prices for beef, chicken rise to new highs due to COVID-19 pandemic

> 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.

- Date: 2020-07-09 · published 2020-07-09T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/52270-prices-for-beef-chicken-rise-to-new-highs-due-to-covid-19-pandemic
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Chicken](https://feedsoft.ai/c/CHICKEN.md)

## Why it matters

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.

## Read by commodity

- CHICKEN: neutral
- LCATTLE: neutral

## Sources

- abccolumbia.com: https://www.abccolumbia.com/2020/07/09/prices-for-beef-chicken-rise-to-new-highs-as-a-result-of-covid-19-pandemic/

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