Supermarket customers are paying more for beef than they have in decades during the coronavirus pandemic. But at the same time, the companies that process the meat for sale are paying farmers and ranchers staggeringly low prices for cattle. …
Tyson Foods Inc. is lowering some prices it charges supermarkets and restaurants for beef, after coronavirus-driven disruptions at meatpacking plants have led to a surge in meat costs. …
The Canadian government is not expecting a beef shortage despite the spread of the novel coronavirus in certain meat-packing plants, though prices may rise, Prime Minister Justin Trudeau said on Tuesday. …
Beef sales are up due to the outbreak, but the prices of live calves have somehow gone down. This has confused many in the industry and has caused Senator Chuck Grassley (R-Iowa), to call for an investigation into “potential market and price manipulation, collusion, restrictions on competition and/or other unfair and deceptive practices.” …
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