Home 2021 US Meat Prices are Rising, Here is Why

US Meat Prices are Rising, Here is Why

by Paul Ebeling

#meat #prices #Biden #inflation #supply #demand

“Mr. Biden & Company is making headlines by accusing the meat industry of collusion because it has little understanding of what is causing prices to rise“– Paul Ebeling

“During the Trump administration, I was the Defense Production Act policy coordinator, and then we had instances of price gouging, which we cracked down on immediately,” *Peter Navarro said Thursday. “This is not that. As hard, as tough as I might be on a Big Agriculture, Big Agribusiness, they are not the villains in this piece.” *Peter Navarro is the former economic adviser to President Trump (45).

Rather, he said, complex economic forces are bearing down on the country at the supply-and-demand level.

The 1st is the “labor situation,” he said, On Top of that, the food production industry has been hit hard by the VirusCasedemic. In addition, feed prices have risen dramatically.

Further, the Chinese have also been buying into the US meat industry in hopes of controlling the American food supply, he said.

Brian Deese, Director of the National Economic Council, questioned the increase in meat prices from the White House lectern.

He is the highest-ranking economic official besides the Treasury secretary not fundamentally understanding the underlying market forces that are creating this problem,” Mr. Navarro said.

“If he cannot understand those forces, he cannot address them.

Here is the latest Biden Folly explained.

Have a prosperous day, Keep the Faith!

You may also like


Your Trusted Source for Capital Markets & Related News

© 2023 LiveTradingNews.com – For The Traders, By The Traders – All Right Reserved.

The information contained on this website shall not be construed as (i) an offer to purchase or sell, or the solicitation of an offer to purchase or sell, any securities or services, (ii) investment, legal, business or tax advice or an offer to provide such advice, or (iii) a basis for making any investment decision. An offering may only be made upon a qualified investor’s receipt not via this website of formal materials from the Knightsbridge an offering memorandum and subscription documentation (“offering materials”). In the case of any inconsistency between the information on this website and any such offering materials, the offering materials shall control. Securities shall not be offered or sold in any jurisdiction in which such offer or sale would be unlawful unless the requirements of the applicable laws of such jurisdiction have been satisfied. Any decision to invest in securities must be based solely upon the information set forth in the applicable offering materials, which should be read carefully by qualified investors prior to investing. An investment with Knightsbridge is not suitable or desirable for all investors; investors may lose all or a portion of the capital invested. Investors may be required to bear the financial risks of an investment for an indefinite period of time. Qualified investors are urged to consult with their own legal, financial and tax advisors before making any investment. Knightsbridge is a private investment firm that offers investment services to Qualified Investors, Members and Institutions ONLY. Qualified Investors are defined as individuals who have met those Qualifications in the relevant jurisdictions. Members are defined as individuals who have been accepted into the Knightsbridge membership program. Institutions are defined as entities such as banks, pension funds, and hedge funds. If you are not a Qualified Investor, Member or Institution, you are not eligible to invest with Knightsbridge. All investments involve risk, and there is no guarantee of profit. You may lose some or all of your investment. Past performance is not indicative of future results. Knightsbridge is not a registered investment advisor, and this disclaimer should not be construed as investment advice. Please consult with a qualified financial advisor before making any investment decisions. By accessing this website, you agree to the terms of this disclaimer. Thank you for your interest in Knightsbridge.