Thursday, May 14, 2020

Meat Prices: Trends Continue

Econ 101: more supply
means lower prices
Last week we noted how beef prices were rising faster than pork, despite the coronavirus having significantly affected all meat-processing capacity.

Since then the pork belly has fallen by 80 cents to $2.99 a pound, while the 10-pound beef brisket had risen again to $4.99 / lb., double the price of last year.

The crisis of high beef prices is simultaneously the opportunity to prepare dishes that we would otherwise have never learned to cook. Use your time wisely, grasshopper, for this crisis and opportunity may never come this way again.

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