Meat prices will stabilize, eventually
Posted May 27, 2014 7:39 am.
This article is more than 5 years old.
If you’re not looking forward to a pricey barbecue season; Don’t worry, high meat prices are bound to come down.
Canadian beef and pork prices have experienced a 16 per cent jump in the past year, and they are expected to rise another 6 per cent by next year.
The Globe and Mail reports, the industry is going through a normal cycle.
The paper cites a similar crisis in 1962, which saw beef producers increase their herds and step up production, eventually stabilizing the cost at the checkout.
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