Inflation is a hot topic lately; it is the reason why the Fed has signaled it will raise interest rates three times next year. Moreover, it is why Senator Joe Manchin (D-West Virginia), a key swing vote in the Senate, has come out against the Administration’s Build Back Better legislation. Inflation has been cited by the White House as proof of “corporate greed” to be addressed by more vigorous anti-trust policy, especially with regard to meat, and particularly beef. Demand for meat – especially beef – turned out to be unexpectedly high during 2020 (think about consumers’ freezer stocking and panic buying early in the pandemic, especially with limited supplies as slaughter was down). Again in 2021, the q...

TAGS – Livestock, North America, Macroeconomics