Per Capita Meat Supplies May Back Off Slightly in 2019- Which Could Be Supportive of Cattle PricesWed, 20 Mar 2019 10:46:52 CDT
The Livestock Market Information Center's Jim Robb says per capita meat consumption has been trending higher in recent years- but that 2019 may finally see a change. Robb says that poultry production may slightly decline in 2019, while pork production may be leveling off this calendar year. When it comes to meat production- beef, pork and poultry- "we've added nearly eight pounds - and that's a big percentage increase."
Robb is featured in today's Beef Buzz and tells Radio Oklahoma Ag Network Farm Director Ron Hays that the drop is in poultry- and that can be further enhanced if there is trouble in planting corn acres in the next couple of months.
Robb says that some of the member Land Grant Schools in the Delta have reported that now is the time that corn should be planted- and farmers can not get in the fields because they are muddy. Some of those acres could be forced over to soybeans- and that could be repeated as we move further north into the heart of the corn and soybean belt. Higher corn prices could result- and that hurts all three species- but poultry and pork will hurt more if fewer acres than expected end up being planted.
Listen to Robb and Hays and their full discussion on this change in per capita meat supplies and how that could help cattle prices in the days ahead on today’s Beef Buzz - brought to you by the American Angus Association. America's breed.
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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