date:Jun 02, 2012
lpe, economist with the Economic Research Service.
This environment persists in 2012 and meat prices are expected to remain high, particularly for beef and less so for pork. Poultry prices are rising now, as consumers shift towards chicken products as a means to avoid sustained high prices for other meat products.
The volatility of grain prices is certainly a factor, but right now we are dealing with structural, long-term inflation for meat.
ERS forecasts that meat prices in general will incr