A high meat demand in the United States with 2020 coming as is a record high capacity use with a little lower production figures for this year.
USDA Chief Economist Seth Meyer says these are among the factors producing an impressive run on meat prices. Meyer says the 2022 demand may be flat or just slightly lower due to lower meat supplies. That goes for beef, pork and poultry which together will experience lower production for the first time since 2014 and higher prices.
He says the only place where prices are likely to ease is pork due to prices for pork this year being exceptionally high.
Comments