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Meat is piling up at steakhouses as COVID-worried patrons cancel reservations
Meat producers battling major glut of supply, forcing prices up
FOX Business’ Grady Trimble reports from Northwest Meat Company in Chicago where rising costs and COVID have beefed up business.
The ongoing coronavirus pandemic and the rise of the omicron variant are impacting the restaurant industry — and in the world of steaks, it’s apparently led to a pile-up of meat as steakhouses cancel orders.
Andrew Neva, owner and vice president of operations at the Northwest Meat Company in Chicago, has seen this impact firsthand.
In a recent interview with FOX Business Network’s Grady Trimble, Neva shared the news that he purchased about $25,000 to $30,000 worth of meat to prepare for restaurant demand — but the pandemic has presented unexpected challenges for his business.
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"Prior to omicron, I purchased all this product because as we know, everyone wanted to get out. So, I bought all this product in October, had to pay for it in November," Neva explained.
"Then when omicron came … all my high-end steakhouses canceled their reservations. So as a result, now I’m sitting on all this product that I still haven’t gotten paid on."