Meyer: Run On Meat Prices “Impressive”

USDA Chief Economist, Seth Meyer, said consumers are watching what he calls an "impressive run" on meat prices.

"We had really fantastic meat demand in the United States. 2020 was a record high or capita use. So domestic consumption of meat was record high in 2020. a little bit lower in 2021 and I think we're going to be flat or perhaps a little lower in 2022."

And why is that?

​"Because we're going to have, for the first time since 2014, lower meat supplies in aggregate in 2022. So, when you add up beef, and pork, and poultry, and turkey, and you add all those things together a little but lower meat production in 2022 for the first time since 2014."

He says the only meat type where prices are expected to ease is pork. but he adds that's because pork prices this year were "exceptionally high". 

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