“If you close down a meat plant, you can’t sell as much meat, you’re not producing as much meat, so there is less supply of meat on the market; so consumers, grocery stores were bidding, competing against each other for a small amount of meat which pulls up those prices… On the live animal side, you don’t need as many animals… your demand for cattle and hogs falls, because you just don’t have the ability to process them through,” Lusk notes.
Economics Of The Supply Chain During The Pandemic –
