Friday, July 19, 2024

CoBank report sees better year for beef, pork and poultry producers

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DENVER — The supply glut that plagued U.S. beef, pork and poultry markets last year and ratcheted down margins is expected to ease in 2016, according to a new research report from CoBank.

The bank, an agribusiness lender, says leading indicators point to animal protein supplies transitioning toward a better balance in the marketplace, with protein stocks more in line with overall levels of demand.

"It's clear that in the coming year, the headwinds and adverse conditions created by excessive protein stocks are clearing," said Trevor Amen, animal protein economist with CoBank. "Surprisingly strong U.S. consumer demand helped. . .

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