(Bloomberg) — Argentina, famous for its chart-topping consumption of beef, has made a surprising pivot toward cheaper chicken as households try to stretch their dwindling paychecks.

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Beef demand is forecast to drop below 45 kilograms (99 pounds) a person this year, the lowest in data going back to 1914, according to a report by the Rosario Board of Trade based on government data. That would mark the first time Argentina’s demand for beef is essentially on par with chicken, which has been growing in popularity across the globe.

Halfway into President Javier Milei’s first calendar year in office, Argentina is mired in a deep economic recession after he devalued the country’s currency and eroded shoppers’…