US Chicken Prices to Fall at Last Thanks to Green Fuel Boom
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After years of butcher-counter sticker shock, Americans are likely to see a drop in meat prices thanks to an unlikely ally: the emerging renewable fuel industry.
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Published Jan 28, 2024 • 4 minute read
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(Bloomberg) — After years of butcher-counter sticker shock, Americans are likely to see a drop in meat prices thanks to an unlikely ally: the emerging renewable fuel industry.
Processing the vast amounts of soybeans needed to make the plant-based jet fuel and diesel required to lower US emissions will also create mountains of co-product soymeal, widely used in animal feed. The less expensive it is for meatpackers to feed their animals, the more meat they’ll produce, ultimately trickling down to lower prices at the grocery store.
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Bloomberg News
2024-01-28 09:51:36
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