How Expensive Will Meat Get?

Posted by Virginia Fidler

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Since the onslaught of the COVID-19, we have seen an unprecedented spike in beef prices. The retail price of beef has increased by 60 percent in the past two months to a high of $410.05. Beef has doubled in price, making a hamburger an item of luxury almost on par with a steak.

Why is the humble hamburger making such a dent in our food budget? Because many meat processing plants have closed since the emergence of the coronavirus. That simply leaves less beef to go around, which automatically makes it more expensive.

Many grocery stores are imposing a limit on how much meat their customers can purchase to prevent a total meat shortage. Some of the larger grocery stores, such as Kroger and Costco, are close to running out of meat since the coronavirus has severely interrupted the food supply chain…CLICK for complete article