"Green Fuel Boom Expected to Lower US Chicken Prices"

The emerging renewable fuel industry is expected to lower meat prices in the US by reducing the cost of animal feed, particularly soymeal, which is a byproduct of soybean processing. This will lead to increased meat production and ultimately result in lower prices at the grocery store, providing relief to inflation-fatigued households. However, it may take months or even years for these cost savings to reach consumers, and other factors such as corn availability, labor, logistical disruptions, and consumer demand also influence meat prices. Meatpackers are expected to benefit from lower input costs, and the surplus meat produced may be exported.