Source: FARM PROGRESS, 1/15/19


For the fifth consecutive year, 2019 is forecast to break a record for U.S. pork production. And it’s not just more pork, it’s total red meat and poultry. Beef producers have expanded aggressively. Beef production in 2019 should surpass the record set in 2002. Total poultry production has set records the last six years, and 2019 will likely be the seventh. Prices going forward will either depress, or promote, further growth within each respective industry. These record supplies underscore how important demand will be in determining 2019 livestock and poultry prices. So far, for pork, demand appears to be more than keeping pace with rising production.

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