Plain talks about Livestock
Wed, 12 Jan 2011 11:04:41 CST
Attendees at the 92nd annual meeting of the American Farm Bureau Federation heard University of Missouri Extension economist Ron Plain characterize the 2011 livestock outlook. He said tight supplies of beef, pork and poultry bodes well for producers, but the optimism is tempered by higher feed costs. Plain sees further tightening of the meat supply this year.
Plain said the key to success for livestock producers is to increase demand, which is best achieved through an improving economy. The economist said - meat is something a lot of people in the world fully enjoy eating and they will eat more of it if they have money in their pockets.
As for the export outlook, Plain said the dollar is becoming steadily weaker and that is good news for U.S. meat exports.
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