Tuesday, February 20, 2018

Strong meat demand for coming decade

In a new report, the economists working for the United States Department of Agriculture predict domestic and global demand for meats and dairy products will remain strong for the coming decade.

But the beef industry will be squeezed by feed costs rising faster than market prices.

For pork, there will be a similar cost-price squeeze for the next few years, then that ratio will flatten out.

The chicken industry is likely to face a “relatively stable feed-price ratio,” the economists predict.

Despite the lower expected returns, red meat and poultry production all increase over the projection period.