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Why Livestock and Meat Have Followed Different Pricing Patterns

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5:40

With their favorite restaurants closed last year, Americans snapped up steaks, burgers, and pork chops to cook and serve at home. This reinforced what has been known for a long time: Americans want their meat whether they’re dining out or at home.

Live cattle and lean hog prices bottomed out in the early days of the pandemic, while prices for meat at the grocery store spiked.

In this OpenMarkets roundtable conducted by CME Group CME, Don Close, Ted Seifried, and Jim Sullivan discuss the pricing patterns of livestock and the meat industry.

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