Will high gas prices hurt meat consumption?

The CEO of Tyson Foods says he is concerned that consumers are going to eat less meat as they have to pay more for gasoline. Donnie Smith told the USDA Agricultural Outlook Forum, people are already facing high beef prices due to high feed prices and the drought in the Southern Plains last year and now, with gasoline pushing towards $ 4.00, per capita consumption of beef will weaken. Smith told reporters at the conference, “We’re concerned that there are going to be thresholds, depending

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