Protein prices have risen sharply over the past 24 months amid widespread inflation. With inflation at its highest level in more than 40 years, how long can beef, pork and poultry prices stay at such high levels before demand drops sharply?
David Williams is Senior Vice President of Procurement and Operations for his Texas-based CTI Foods. In this episode, Williams explores the current state of the animal protein market, how sustained food price increases will affect demand, and how the same factors will play into the supply side of the equation over the next 12-24 months. How does it affect you?
Most analysts also underestimate how much the cattle herd is shrinking, he said, because of the ongoing drought in cattle country and producers suffering from shortages of hay and pasture. We also explain why we think… https://www.beefmagazine.com/news/inflation-how-long-can-meat-prices-stay-high
