Global supply chain issues, high input costs and concern about inflation are all taking a toll on our livestock producers’ return on investments. Meanwhile, direct-marketing beef continues to rise, allowing the “farm to table” strategy to become more profitable per head.
During the 2020 COVID-19 crisis, there were shortages and increases in price value. The meat prices increased to 21.7% by the end of May 2020 because of the contraction in meat supply. The highest price jump was observed in ground beef in May 2020 compared to previous months.
