Article Image

IPFS News Link • Economy - Economics USA

The Meat Crisis Is Here: Price Of Shrimp Up 61%...

• By Michael Snyder

As the price of meat continues to skyrocket, will it soon be considered a "luxury item" for most American families?  This week we learned that the price of meat in the United States rose at the fastest pace in more than 10 years last month.  Leading the way is the price of shrimp.  According to the U.S. Bureau of Labor Statistics, the price of shrimp has jumped an astounding 61 percent compared to a year ago.  The price of pork is also moving upward aggressively thanks to a disease which has already killed about 10 percent of all of the pigs in the entire country.  And the endless drought in the western half of the country has caused the size of the U.S. cattle herd to shrink to a 63 year low and has pushed the price of beef to an all-time high.  This is really bad news if you like to eat meat.  The truth is that the coming "meat crisis" is already here, and it looks like it is going to get a lot worse in the months ahead.


thelibertyadvisor.com/declare