Chicken breast, ground beef, pork prices set to surge higher – By Breck Dumas (FOX Business) / March 31, 2022
Analysts say the cost of pricier meat cuts should level out this year
Meat and poultry prices are largely expected to continue their climb in the U.S. this year, but pricier cuts like steak should level out according to a new analysis.
Evercore ISI issued a protein inflation note this week projecting that most protein prices are forecasted to increase “substantially” due to the higher feed costs, with chicken breast reaching as high as 70% year-over-year in the first half of 2022.
The analysis said pork and ground beef could climb as high as 20% year-over-year during the same period.
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