The power of meat protein

The meat and poultry industry hopes consumer demand will drive protein sales in the year ahead.

 

by Steve Kay, Food Business News

April 18, 2017

 

KANSAS CITY — The U.S. meat and poultry industry faces a blockbuster protein year, which means that consumer demand at home and abroad will be more important than ever. The industry hopes carnivores step up to the plate and devour the two most expensive proteins – beef and pork. The first two months of the year saw encouraging signs this will occur. Americans responded to aggressive beef promotions by retailers, the restaurant business showed signs of recovery and red meat exports continued to grow year-over-year.

 

Protein production this year will top the 100 billion-lb mark for the first time ever. That’s good news for American consumers, who will continue to see lower prices in grocery stores and possibly in restaurants. Three years of herd rebuilding means beef production will increase again this year from last, after a surge in 2016. Pork and chicken production will also be higher again. Total red meat and poultry production will be an estimated 100,195 million lbs vs. last year’s 97,517 million lbs. This 2.7% increase will follow a 3.1% increase in 2016 from 2015.

 

The biggest increase will be in beef. The U.S. Dept. of Agriculture forecasts that production will be up 3.2% to 25,940 million lbs over last year’s 25,140 million lbs. Pork production will be 25,800 million lbs, up 3.5%, and broiler production will be 41,550 billion lbs, up 2.1%. The higher beef production in part reflects the fact that the total U.S. cattle herd expanded significantly in 2015. It grew another 1.8% in 2016 from 2015, with the herd going from 91.918 million head on Jan. 1, 2016, to 93.585 million head one year later.

 

Growth this year is expected to continue...

 

Better times ahead ...

 

Profitable pork ...

 

Declining feed costs ...

 

more

http://www.foodbusinessnews.net/articles/news_home/Business_News/2017/04/The_power_of_meat_protein.aspx?ID=%7BC61DE54E-9BAF-4738-8DAE-A877F441724E%7D&cck=1