Meat prices rise amid high demand and supply shortages

Madison, Miss. (WLBT) – Summer barbecues as well as dinner shopping will cost you more as meat prices rise across the country.

Last week, a cyberattack shut down the largest meat processor in the United States, further driving up meat prices. A local beef producer who, despite rising operating costs, has not raised prices.

Remington-Lott Farms, located in Madison, sells beef raised on its Canton farm. Owner Greg Lott said he started noticing price spikes nationwide more than a month ago.

“The meat coming out of your main factories, I think they’re at an all-time high right now,” Lott said.

According to beefmagazine.com in April, beef prices were 18.5% higher at wholesale and 11.5% higher at retail compared to 2019 levels. Labor shortages at processing facilities were also reported.

“I personally think they will go up from now until the fall due to a lack of supply,” Lott added. “The supply chain, like us locally, Remington Farms, hasn’t affected our supply chain as we transport our cattle to a local processor and then bring them to our stores.”

David Raines, owner of The Flora Butcher, reports that the price of premium beef, pork and chicken has doubled. He expects there will soon be a shortage due to the availability issue.

Experts say that in recent months consumers and restaurants have increased demand for meat. So be prepared to pay more in the weeks and months to come at your local grocer.

Copyright 2021 WLBT. All rights reserved.

Source link

About Bob C. Zoller

Check Also

Businesses scramble to keep up with demand despite heat wave and supply shortage

ATLANTA, Ga. (CBS46) — As dangerously hot temperatures escalate in metro Atlanta, businesses are trying …