You’ll be happy to know that soybean and swine prices are at 10 year lows and wheat is up slightly but lower than a year ago. [1,2,3]
I think your concern is real and well placed. When the economy is frozen for a pandemic, you have a demand shock and a supply shock, what happens to prices? I think this was genuinely unclear early in the pandemic. Interesting additional details here [4,5]
I think your concern is real and well placed. When the economy is frozen for a pandemic, you have a demand shock and a supply shock, what happens to prices? I think this was genuinely unclear early in the pandemic. Interesting additional details here [4,5]
[1] https://fred.stlouisfed.org/series/PSOYBUSDQ
[2] https://fred.stlouisfed.org/series/PPORKUSDM
[3] https://fred.stlouisfed.org/series/PWHEAMTUSDQ
[4] https://www.bloomberg.com/amp/opinion/articles/2020-05-27/pa...
[5] https://mobile.twitter.com/paulkrugman/status/12416894220909...