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.
- 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?
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)