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Industry news
Meat prices drop in December, after months of increases
Plant Based Meat
Jan 12
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Plant Based Meat

Plant Based Meat

Jan 12

Meat prices drop in December, after months of increases

Industry news

  • Meat prices have decreased in the US after months of price increases. According to seasonally adjusted figures from the Bureau of Labor Statistics, prices for meat, poultry, fish, and eggs declined 0.4% MoM in December 2021.

  • Within the category, meat declined 0.9% MoM overall, with beef and veal prices declining 2% MoM, pork chops by 1.1% MoM, and hot dogs by 1.5% MoM. However, breakfast sausages increased by 1.4% MoM, while lunch meats increased 2.7% MoM and chicken 0.3% over the period.

  • The Biden Administration’s recent proposal to enhance competition in the beef business by investing USD 1 billion, would further help lower prices in the long run.

  • A decrease in meat prices will have a negative effect on the plant-based meat products in the market, which are already sold at a premium when compared with meat products.

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