Keep ’em coming! 💸Aug 16, 2022
Brian Earnest, the lead economist for animal protein in CoBank’s Knowledge Exchange division, examines the continued strong demand for meat despite double-digit price increases. Consumers are still buying meat even though prices are rising!
- Inflation will continue to be the top challenge for retail meat demand in the foreseeable future. The combination of tight supplies and solid demand kept meat prices 20% higher than the five-year average for the March-May period overall.
Mr. Earnest’s latest analysis of the beef and poultry markets pay special attention to the role inflation might play in tempering consumer demand.
He also shares his analysis of the supply side situation, from inventory reductions in the beef space to expansion in the poultry sector. You can read more by visiting Feedstuffs.com and clicking on “Digital Editions.”