Global Feed Survey Makes Surprising Revelations About World Production & Potential OpportunitiesFri, 27 Jan 2017 11:44:15 CST
According to the 2017 Global Feed Survey released this week by Alltech, annual global feed production surpassed the 1 billion metric ton mark for the first time ever this past year.
Aidan Connolly, chief innovation officer and vice president of corporate accounts for Alltech, says this milestone comes at a time when the number of feed mills worldwide have declined, indicating consolidation within the industry.
“In particular, the Chinese story is always interesting; a lot of consolidation in that country,” Connolly explained noting that feed production has become very concentrated. “The US and China are quite comparable in size, but together they represent 1/3 of the total feed production in the world.”
In fact, the survey shows that within the top 30 countries ranked by production output, which represent 82 percent of the world’s feed mills and 86 percent of the world’s total feed - the top ten alone account for 2/3 of total world feed production. Given that where there is feed production, there is also animal production - he says this centralization illustrates that most of the world’s protein is being produced by relatively few countries. This information of course suggests more trade opportunities for the US.
“If the US continues to be free to export round the world; if there was the greater freedom to export to China and Russia,” Connolly said, “that’s what we have to be looking for - is to continue to grow our industry and to export more to other markets.”
Listen to more of Connolly’s interpretation of Alltech’s Global Feed Survey, with Radio Oklahoma Ag Network Farm Director Ron Hays, on today’s Beef Buzz.
The Beef Buzz is a regular feature heard on radio stations around the region on the Radio Oklahoma Network and is 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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