Inflation will proceed to be the highest problem to retail meat demand for the foreseeable future. Retail meat and poultry costs had been as a lot as 18% increased, 12 months over 12 months, in Might in response to the Shopper Value Index, and inventories stay under pre-pandemic ranges. That mixture of tight provides and strong demand stored meat costs 20% increased than the five-year common for the March-Might interval general, in response to the most recent evaluation from CoBank.
Brian Earnest is the lead economist for animal protein in CoBank’s Data Trade division. He gives market and business analysis for the poultry, pork, and beef sectors, and on this episode shares his newest evaluation of these markets with a selected eye on the function inflation may play in tempering client demand.
He additionally shares his evaluation of the supply-side state of affairs, from stock reductions within the beef house to growth within the poultry sector.
You’ll be able to learn extra of our protection of the animal protein markets within the pages of Feedstuffs; you could find the most recent situation now by visiting Feedstuffs.com and clicking on “Digital Editions.”