America’s love of meat is about to get more expensive.
Market forecasts predict consumers will pay more across the board for beef, pork, and chicken due to factors like rising feed costs and acute labor shortages.
Overall, food prices have soared 8.8 percent since March 2021.
At the beginning of this year, the United States Department of Agriculture (USDA) had a more optimistic outlook on inflated meat prices. However, its tune quickly changed at the beginning of the second quarter.
Now consumers can expect to pay 6–7 percent more for beef and veal this year. Pork products will increase 4–5 percent, and poultry prices could shoot up more than 8 percent due to historically low stocks in frozen storage, according to the USDA.
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