U.S. Beef Market Will Face Rising Prices Due to Expected Livestock Curbs
Jun 7, 2021
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Despite prices remaining consistent in the first half of 2021, an increase is expected in the immediate term. The projected 2% fall in the American cattle population by 2022 threatens to increase the price of beef by near 5%. Investment into the alternative protein sector has dramatically increased; and the emerging food inflation mitigates income growth from counter-covid support measures, which all may restrict the beef market growth.