Meat Prices Are Falling, Except For Hot Dogs
MEAT PRICES ARE FINALLY FALLING, WITH THE EXCEPTION OF HOT DOGS
(CNN) – Some welcome news for shoppers; grocery store prices overall are going down.
The government says meat prices in particular finally fell, after soaring in May and June.
For example, uncooked beef roasts and steaks got 8.7% cheaper from June to July.
And Beef and veal prices went down 8.2%.
There’s a notable exception.
The price of hot dogs, which have been in high demand, jumped 2.4% perhaps in part because of the 4th of July holiday.
In the spring, major meat processors closed their plants because workers got sick with coronavirus or they slowed operations for new safety practices.
Production slowed and prices soared.
The fall in meat prices comes as producers start to return to normal operations.