USA

COVID-19 cuts Americans appetite for meat

Products

Meat consumption is expected to fall for the first time in 6 years and will remain under last year`s level until 2025.

Posted on Jun 11 ,07:22

COVID-19 cuts Americans appetite for meat

The disruption created by COVID-19 in the US meat market has already been felt by consumers as prices have jumped unexpectedly in the last two months. As a result, meat consumption is expected to decline for the next five years, says a study released by the University of Missouri’s Food & Agricultural Policy Research Institute. It's the first time in 6 years when a drop is expected in this market. Last year, meat consumption in the US stood at 101 kg per person and will gradually go down to 97 kg in the next five years, according to the researchers.

However, last month, an estimate made by USDA predicted a decline in meat consumption of 4% for this year only. That translates in a drop of 210,000 tonnes of meat in the US market. Such an impact will temper the wholesale prices, with chicken expected to see a drop of 15%, pork 10% and beef 3% due to reduced demand and meat-plant closures.

 NEWSLETTER - Stay informed with the latest news!

Comments





Similar articles

SCOTLAND

QMS continues efforts to engage Westminster and Holyrood on the importance of Scotland’s red meat supply chain

Following its successful showcase of the Scotch Beef, Scotch Lamb, and Specially Selected Pork br...


Read more Read more
WALES

HCC: Reducing calving intervals will save cash and boost productivity

The average calving interval for beef dams in Wales was 420 days in 2024, according to the l...


Read more Read more
INTERNATIONAL

How Ammeraal Beltech's uni DTB revolutionised production at Dovecote Park

Dovecote Park, a family-owned business renowned for producing premium British beef, veal, and ven...


Read more Read more
Websolutions by Angular Software and SpiderClass