Thursday, April 30, 2020

Wholesale Beef Prices Up 60% Since February

Yes, you can probably get a great discount on a vacation cruise but for the things you really want to buy the combination of lockdown disrupted supply and vast money-printing is fueling price jumps of the type we haven't seen in decades. Add beef to the explosive price gains that have also hit eggs and pork.

Via zero hedge.

Wholesale American beef prices have hit a record high of $330.82 per 100 pounds, a 62% increase from the lows in February, according to Bloomberg.


(ht Joshua Bennett)

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