Agricultural News
Domestic Meat Supplies Shrank in 2009 versus 2008
Tue, 16 Mar 2010 20:54:58 CDT
The Livestock Market Information Center has released meat consumption data that shows that 2009 was a year of shrinking meat supplies in the United States, as per capita red meat and poultry consumption fell from 216 pounds per person in 2008 to just over 210 pounds per person in 2009. Most of the decline was split between poultry and beef, while the sharp drop in pork exports midyear because of the Swine Flu scare kept domestic supplies of pork about the same in 2009 as in 2008.
LMIC Economist Erica Rosa says that the group believes that we could see another two pound drop in per capita numbers in 2010 versus 2009. She tells us that LMIC believes that is not really a bad sign for beef demand here in the US, but rather with the shrinking supplies, it sets the stage for stronger cash cattle, yearling and calf prices as we see improvement in the general economy.
Erica Rosa is our guest on the Beef Buzz.
The Beef Buzz is a regular feature heard on radio stations around the state on the Radio Oklahoma Network- but is also a regular audio feature found on this website as well. Click on the listen bar below for today's show- and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
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