Better staffing at meatpacking plants is one contributing factor.
, such as ribeye and New York strip. In response to that, many supermarkets are marking down prices for those more costly steaks.
“Promotional prices have come back to where they were two years ago,” one shopper in Scottsdale, Arizona, told theacross the board, some of the biggest jumps came in beef. That caused shoppers to switch to lower-cost proteins such as chicken or buy cheaper meat such as ground beef. In fact, despite overall beef prices dropping recently, the price of ground beef is still growing.
Some of the price increases experienced at grocery stores were also due to staffing shortages at meatpacking plants. Fewer employees meant that not as many cattle as usual could be processed, restraining supply and pushing prices up. Now, though, the plants are staffing up again, contributing to the lower prices.
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