Grocery store meat prices continue rising, 17.5% higher than a year ago

Grocery store meat prices do not seem to be stopping their upward run anytime soon. Beef prices last month rose more than 3 percent, making them 17.5 percent higher than a year ago.

Pork is up 12 percent over last year, and poultry is up 6 percent.

A USDA economist shares what is behind the record run.

According to Carolyn Chelius, “Very high demand. Seeing a lower supply due to pandemic related supply chain issues. One-off events like drought, cybersecurity attack.”

She adds that it is possible we could see more price increases in the coming years.


Where is the beef money going?

Producers and Packers are not in the same business

Food prices jumped 3.5% this year compared to the normal pace of 2%