Corn prices, and therefore meat prices, are expected to surge amid the global food shortage following President Joe Biden’s latest attempt to ease gasoline prices, according to industry groups and experts.
“It certainly would be expected to drive up food prices and it will likely hurt meat producers because they rely on the feed,” Heritage Foundation senior research fellow Daren Bakst told the Daily Caller News Foundation in an interview.
“Further and artificial demand for corn created by this administration will likely increase the cost of corn and all food products dependent on corn and corn oil inputs,” National Chicken Council President Mike Brown told the DCNF.
