Inflation will continue to be the top challenge to retail meat demand for the foreseeable future. Retail meat and poultry prices were as much as 18% higher, year over year, in May according to the Consumer Price Index, and inventories remain below pre-pandemic levels. That combination of tight supplies and solid demand kept meat prices 20% higher than the five-year average for the March-May period overall, according to the latest analysis from CoBank.
Brian Earnest is the lead economist for animal protein in CoBank’s…
