Feed ingredients are the No. 1 cost component of the protein business, followed by labor and energy. Oil prices are historically linked to feed-ingredient crops.
As consumer demand branches off in every direction imaginable, meat and poultry processors are forced to traverse numerous trails and form new alliances, hoping to find success and avoid dead ends.
The meat and poultry industry faces challenges from every angle, in every form, as it heads toward 2020 with a mix of positivity and uncertainty on its mind.
No two years in farming are alike or free of drama; however, this may be one of the craziest years we've seen in a long time because of all the variables in play.
Welcome to 2019, a year filled with potential greatness, but also potential disappointment. Grab a chocolate from the symbolic business box, take a bite and hope for the best!
The industry's recent hot streak has been fueled by consumer demand and favorable market conditions, but as always, challenges and uncertainty loom over the horizon.
The 2018 growing season was delayed by 10 to 14 days by an extended winter and wet planting season. But a warm May and lots of moisture combined with near-perfect June weather leading up to July 4 in most growing regions may increase growth and yield.
Our current situation has Sonny Perdue, a degreed veterinarian and no stranger to the chicken industry, reorganizing the U.S. Department of Agriculture (USDA) in a way that will have favorable effects on our ability to do business. As a result, the regulatory outlook for the next three years is encouraging.
While U.S. markets last year benefited from a drought in Brazil that affected the country’s corn and soybean production, this year’s projections are for record crops that will affect 2018 markets. Current projections call for a continued excess supply of both corn and soybeans.
When forecasting what to expect for the meat industry in 2017, the first thing on everybody’s mind is: "What does a Trump presidency mean to my business and the industry?"