From Fortune:

Americans are expected to see a drop in meat prices due to the renewable fuel industry’s impact on the meat supply chain. Processing soybeans for fuel will create an excess of soymeal which will lead to lower feed costs.

It will take months or even years, but meat cost savings will work their way down to the grocery stores. Corn, labor, logistics, outbreaks and consumer demand are also factors. Companies are increasing soybean processing capacity, but it will take time to see a difference in grocery bills.

Lower costs will benefit meatpackers, who have seen a significant drop in margins. Chicken will be the first meat impacted by decreased feed prices, but other meats will eventually follow due to competition.

30% more US soybean meal production capacity in 2026 will decrease meal prices through at least 2027. An increased capacity would also lead to exports and expansion of the meat industry.

– With assistance from Deena Shanker and Augusta Saraiva
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