According to Bloomberg, the Covid-19 outbreak has depleted America’s meat reserves, and new data from the U.S. shows they still haven’t recovered.
Questions:
- What are all the forces surrounding COVID that created the perfect storm for this depletion? In other words, explain the factors at play to cause the shortages.
- What has happened specifically to beef reserves?
- What has happened specifically to pork as compared to poultry?
- Based on additional research, when do you project that meat prices will decrease overall?
Source:
Hirtzer, M., et. al. (2021). High U.S. Meat Prices Are Here to Stay Amid Depleted Reserves. Bloomberg, Sep. 22 (Retrievable online at ttps://www.bloomberg.com/news/articles/2021-09-22/high-u-s-meat-prices-are-here-to-stay-amid-depleted-reserves)