pushing many Americans to a tipping point of food shortages
The coronavirus pandemic has severely tested global supply chains like no other event in recent world history, resulting in large shocks to both demand and supply. And it’s only about to get worse.
According to a report from Bloomberg, hog, cattle and poultry raisers are struggling amidst the highest prices of corn and soybean that they have seen in seven years. The prices have driven up the costs of feeding animals by at least 30 percent.
Consequently, meat producers have had little choice but to raise their prices in order to stay profitable. In fact, the United Nations‘ (UN) Food and Agriculture Organization (FAO) reported that global meat prices rose for the fourth month in a row in January.
Experts worry that the effects of the high feed prices will likely spread across the globe over the next couple of months, showing up as higher price tags for beef, pork, and chicken.
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https://www.newstarget.com/2021-02-2...n-deepens.html