Record meat production in the United States and a swing in the international net trade balance are signaling a change in protein supply that could cause an erosion in meat prices for years to come according to a new report from CoBank's Knowledge Exchange Division.
The report titled, "U.S. Protein Supply Heading Higher 2015-16," looks at the aggressive expansion in production levels of beef, pork and chicken in 2015. Sparked by profitability in 2014, total red meat and poultry production in the U.S. is forecasted at 95 billion pounds in 2015, which is an all-time high.