Hopefully this does not come as a surprise to readers here; however, according to analysis by industry insiders, Chicken prices are likely to increase by 70% this year once the full price increases in grain, used as feed, start to take hold.
Overall, we will likely see a leveling off in beef prices, but pork and chicken will increase significantly.
Evercore ISI issued a protein inflation note this week projecting that most protein prices are forecasted to increase "Substantially" due to the higher feed costs, with chicken breast reaching as high as 70% year-over-year in the first half of 2022.
The analysis said pork and ground beef could climb as high as 20% year-over-year during the same period.
GO DEEP. These anticipated price increases now being projected are what CTH refers to as the tail end of the second inflation wave.
We entered the second wave last month driven by massive fuel and gasoline increases.
The percentage of change will be lower; however, the actual dollar increase in this second wave on food products will be higher than the first.
It's becoming increasingly difficult to discern fact from fiction, and unfortunately the media has a strong bias. They spin stories to make conservatives look bad and will go to great lengths to avoid reporting on the good that comes from conservative policies. There are a few shining lights in the media landscape-brave conservative outlets that report the truth and offer a different perspective. We must support conservative outlets like this one and ensure that our voices are heard.
Friday, April 1, 2022
Chicken, Pork and Beef Prices Likely to Skyrocket Due to Massive Increases in Feed Costs
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