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IPFS News Link • Business/ Commerce

"I Always Eat Red Meat. I'm Happy":

• https://www.zerohedge.com by Tyler Durden

... there are some good news for those seeking to upgrade - however briefly - from horse or cricket in these dystopic days: according to the WSJbeef is finally getting cheaper, bringing some economic relief to U.S. consumers. Prices of beef, typically among the costliest grocery store purchases, are falling after more than a year of increases as consumer demand softens for some cuts.

While demand has shrunk due to the recent record surge in prices, supplies are improving due to better staffing at meat plants, and supermarkets are offering more discounts on rib-eye, New York strip and other often-expensive products.

For months, prices for food and consumer products have been rising across grocery aisles due to higher costs of transportation, ingredients and labor. Some of the biggest increases have been in the meat section, and shoppers have been buying cheaper cuts or switching to less expensive protein like chicken, pork, horse or cricket. But now that beef prices have plateaued, consumers are finding more deals and options, industry executives and analysts told the WSJ.


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