Prices for meat are up noticeably in recent months. Pork chops are up 7% than 12 months ago. Beloved bacon has skyrocketed nearly 28% higher than in 2020 – the highest price in 40 years, according to Consumer Price Index data. Meats, poultry, fish, and eggs now cost you 10.5% more than they did a year ago. The current surge in food prices is caused by pandemic-related issues such as disruptions in the supply chain, staffing issues, and inflation. However, there could be another possible situation that would cause soaring prices on your favorite cuts of meat.
The head of a top meat processing company warns that the cost of steak could get so exorbitant that it will be a luxury item only reserved for special occasions.
“Beef is not going to be super climate-friendly,” Danish Crown Chief Executive Officer Jais Valeur said during an interview with Danish newspaper Berlingske. “It will be a luxury product that we eat when we want to treat ourselves.”
“Valeur said pork would be a more climate-friendly protein. Danish Crown is one of Europe’s largest pork producers, although it is also a player in the beef market,” according to Bloomberg.
Another report from this week found that bison meat is becoming more and more popular as beef prices heat up.
“The meat is very similar to beef,” said Krista Pohl, co-owner of Pohl Bison said. “It’s extremely low in fat, higher in vitamins. It’s considered more of a wild game. It’s easily overcooked and that’s what you need to watch.”
“It just started to grow,” Krista said. “People liked the meat and they started coming from all around. Everybody has been very warm and welcoming. They love to stop on the road or pull into the driveway and just watch them. We feel we’ve been gifted as steward’s for the animal and we love to share what we have.”
In the meantime, you had better get a second or maybe third freezer to stock up on delicious meats, such as ribeyes, T-bone, and hangar steaks.