What Will it Take to Remain Competitive in the Swine Industry?
Jennifer Shike, FarmJournal's Pork
February 8, 2019
For the fifth consecutive year, record U.S. pork production is expected. And again this year, it’s not just more pork that’s expected on the marketplace, it’s more total red meat and poultry supplies, too.
Beef producers have expanded aggressively and are expected to surpass the beef production record set in 2002, said Lee Schulz, Iowa State University agricultural economist, at the Kansas State Swine Profitability Conference on Tuesday. And total poultry production has been rising for the past six years, with the same outcome expected this year, too.
“Prices going forward will either depress, or promote, further growth within each respective industry,” Schulz said. “These record supplies underscore how important demand will be in determining 2019 livestock and poultry prices. So far, for pork, demand appears to be keeping pace with rising production.”
Demand must continue to grow ...
Expansion continues ...
Decisions for 2019 ...