Meat Costs Are Rising—And That Could Mean Higher Prices at Restaurants
This will mostly likely affect items made with fresh beef and pork.
If you keep an eye on the news, you know that the price of meat has gone up over the past couple of months. Now, Costco, Kroger, and other grocery chains have limited the amount of meat you can buy during your grocery run, and Tyson Foods and other processors have cautiously closed plants after COVID-19 cases began popping up. What does that mean for restaurants?
According to a Business Insider report, menu prices at restaurants may be on the rise. Here are some more things that will change in your favorite restaurant after COVID-19.
What’s changing at your favorite restaurant
For restaurants everywhere, food costs have jumped 38 percent! Beef cuts, like sirloin and ribeye, have raised 87 percent, while fresh beef patties have gone up about 81 percent, and pork cuts have risen to 70 percent higher than typical prices.
The cost of frozen beef and chicken breasts has gone up, too, but not by as much, only 28 percent and 23 percent, respectively. Of course, the lift in prices is due to the coronavirus, when some production plants decided to shut down. Even as plants are reopening, many employees are practicing social distancing, meaning there aren’t as many people on the line as usual. Now, as restaurants open their doors, restaurant owners may have to pay more (and by default, raise their prices) to get meat items back in stock.
Oddly enough, Business Insider reported a drop in bacon prices. Check out these places to buy meat that aren’t supermarkets.
The good news: You’ve got alternatives
Of course, ordering meat at a restaurant isn’t the only way to get the fill of your favorite burgers. You can easily make restaurant copycats at home, like a Culver’s Butterburger or KFC’s famous fried chicken.
There are also plant-based alternatives to meat. Next time you’re dining out, look for a Beyond Burger or the Impossible Burger. Both taste pretty close to the real deal! It’s a juicy way to get all the flavor you love without spending the extra money on real beef. Next, find out some things you shouldn’t do in reopened restaurants.
For more on this developing situation, including how life might be different post-lockdown, see our comprehensive Coronavirus Guide.