The Meat Melee: 2 Chicken Stocks to Benefit from the Beef Shortage
- Date: 31-May-2022
- Source: Nasdaq
- Sector:Financial Markets
- Country:Middle East
The Meat Melee: 2 Chicken Stocks to Benefit from the Beef Shortage
Food inflation and 'lunchflation' is the new table talk for Americans. However, while they talk about inflation while enjoying a beef steak, little do they realize that they are partially responsible for the rising food prices, especially meat.
Americans have been eating too much meat over the past two years. While this could have been good news for the meat industry, the truth is quite the opposite. According to agricultural economists, meat demand has burgeoned during the pandemic, leading to a shortage of slaughterhouse beef capacity.
U.S. cattle ranchers are shrinking their cattle herds to survive the inflation, and various reasons are behind it.