Grilling season is here, perhaps bringing a slice of normalcy to a world turned on its head.
Here’s the catch: It’s going to cost you more this summer.
Prices in the grocery store meat bin are climbing to levels not seen in at least two decades as the coronavirus pandemic affects yet another industry.
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Retail meat prices rose almost 7 percent in 2020 as the Coronavirus (COVID-19) pandemic changed the economic landscape in the United States. Meatpacking plants were forced to close temporarily during spring and summer of 2020 when workers tested positive for COVID-19, while other plants had to reduce capacity. This disruption led to a drop in U.S. meat production and increased meat prices for U.S households. At the same time, restaurant restrictions put in place during the pandemic shifted consumer purchasing patterns toward more food at home, leading to an increase in the amount of meat households bought from grocery stores. …
The White House on Monday announced it would allocate $1 billion in funding from the American Rescue Plan to independent meat and poultry producers as part of an effort to boost competition in the meat-processing industry and lower prices for consumers. …
About one in three U.S. adults say they’re spending more on groceries than they were at the start of 2021, according to a Morning Consult survey of 2,200 U.S. adults conducted May 17 to 19 for Bloomberg News. Red meat was the ingredient cited most often for its higher prices, with chicken right behind. …
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