Higher Retail Meat Prices Reduced Household Economic Well-being During the COIVD-19 Pandemic

Xiao Dong

Amber Waves:The Economics of Food, Farming, Natural Resources, and Rural America, 2022, vol. 2022

Abstract: Retail meat prices rose almost 7 percent in 2020 as the Coronavirus (COVID-19) pandemic changed the economic landscape in the United States. Meatpacking plants were forced to close temporarily during spring and summer of 2020 when workers tested positive for COVID-19, while other plants had to reduce capacity. This disruption led to a drop in U.S. meat production and increased meat prices for U.S households. At the same time, restaurant restrictions put in place during the pandemic shifted consumer purchasing patterns toward more food at home, leading to an increase in the amount of meat households bought from grocery stores.

Keywords: Consumer/Household Economics; Demand and Price Analysis; Financial Economics; Industrial Organization; Production Economics; Public Economics; Risk and Uncertainty (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ags:uersaw:338868

DOI: 10.22004/ag.econ.338868

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