Meat prices paid by consumers are skyrocketing due to the COVID-19 chaos, according to new data.
According to Consumer Price Index data from April 2020, consumers paid an average of 2.6% more for food than the previous month. It’s the highest monthly increase since 1974. In a WATT Poultry Chat interview, Mark Jordan, executive director of LEAP Market Analytics, spoke about how the price increase may affect the poultry industry.
Jordan is a regular columnist for WATT PoultryUSA. You can read his latest Poultry Market Prospects column here.
View our continuing coverage of the coronavirus/COVID-19 pandemic.