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food prices

Another Look at Availability and Prices of Food Amid the COVID-19 Pandemic

Last month I discussed the impact of COVID-19 on availability and prices of food based on data and information we had available at the time. Since then, USDA released its first assessment of U.S. and world crop supply and demand prospects and U.S. prices for 2020/21, and more data on market prices, production, and trade flows during the crisis became available. Of particular note, temporary closures of some meat packing plants have affected meat supply and prices seen by consumers and farmers.