Consumers should prepare for higher prices and a shift in meat availability at the grocery store.
Economists expect less beef and pork on the market because cattle herds are starting to decline and they are still contracting, meaning a smaller beef supply.
Beef and pork are the most expensive meats right now due to inflation. Poultry is the least expensive.
This could ultimately lead to a drop in U.S. meat exports this year.
Related:
Why is U.S. meat so popular overseas
Most consumers blame high meat prices on COVID, according to survey
Is the U.S. entering a period of sustained inflation