The world's largest meat producer said beef prices would remain stubbornly high throughout 2022 despite President Biden's attempt to arrest price increases ahead of the midterms elections this fall.

On Tuesday, Andre Nogueira, chief executive of Brazilian meat company JBS SA's U.S. division, told investors that high U.S. beef prices would be sticking around amid robust domestic demand, high overseas shipments, and lower cattle supplies.

Nogueira ruined hopes that beef prices would decrease in the coming months as consumer inflation is at a four-decade high, and food prices are at record levels. He said beef prices for U.S. consumers are high because retailer margins are above historical levels.

Poster Comment:

I have been thinking about that Bird flu epidemic killing all those chickens and turkeys. If they are willing to kill us to scare us into vaxx passpots, they might not hesitate to kill birds to force us into digital ration cards.