A quick rundown on the particulars for meat and livestock in USDA's baseline projections shows per capita meat consumption rising entirely due to chicken.USDA is conducting its Industry Outlook Conference this week and released its baseline projections for 2014-2023 last week. A quick rundown on the particulars for meat and livestock shows per capita meat consumption rising entirely due to chicken. Total per capita rises to 214 pounds by 2020 versus 203 pounds in 2014. That is still well below the 2004-2007 average peak of 221 pounds. The specifics of per capita consumption by 2020 are projected as follows:
Beef remains near 52 pounds, compared with 53 pounds in 2014. Pork remains near 49 pounds, compared with 47 pounds in 2014. Chicke...
What You Need to Know Today: U.S. weather is getting more attention this week as conditions vary greatly across the western, central, and eastern corn belts, with the different regions battling dryness and too much rain simultaneously. The ProFarmer Crop Tour began today in Indiana and Nebrask...
Unlike the 2022 fertilizer shock, today’s disruption is rooted less in rerouted trade flows and more in damaged production capacity, raw material constraints and uncertain recovery timelines. That makes this a longer-duration risk for U.S. agricultural producers and retailers who must sec...
