The daily business briefing: September 21 , 2020

Prices of some meats, including chicken wings and prime rib, have fallen below pre-pandemic levels as shortages seen during coronavirus lockdowns fade, The Wall Street Journal reported Sunday, citing data from Nielsen. Prices of other meats, including ground beef and pork, have fallen too, returning to pre-COVID-19 levels. Gordon Food Service Inc., a major distributor to restaurants, is selling some beef cuts at half the prices it was getting a few months ago. Meatpacking plant closures in the spring left cattle and hogs to fatten on ranches and farms. As production has caught up, the coronavirus kept many steakhouses closed and reduced exports, driving prices down. That has helped consumers but hurt meatpackers and farmers already battered by the spring coronavirus shutdowns. [The Wall Street Journal]

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