National Beef, one of America's largest meatpackers, has warned that the price of beef will continue rising at least for the next two quarters. The Kansas City-based beef processing company, [.]
Supply chain constraints, government spending and consumer demand have pushed inflation in the U.S. to the highest level in 40 years – but geopolitical elements are also fueling rising prices.
Frank Ottomanelli, the owner of S. Ottomanelli & Sons Prime Meats in New York, said that he has been forced to raise prices between 5 and 10% because of inflation.