The year 2016 was a far less dramatic year for the beef, pork and poultry industries and provided breathing room for industry participants to absorb last year’s sluggish export sales, large animal supplies and falling prices.
Average poultry production for the last 12 months is at an all-time high and is up 4.4 percent from the prior year. There are, however, some tentative signs of slower growth moving through early 2016.
The Animal Slaughtering and Processing Production Index 12-month moving average rose continuously through the first three quarters of 2015 and is up 1.9 percent on a year-over-year basis.
If you don’t believe the global factors affecting the U.S. cattle market are numerous and complicated, you probably haven’t heard Dan Basse, president of Ag Resource Company, give an economic outlook.
The global processed meat market has grown exponentially in the last decade and this growth is expected to continue. In fact, according to FPSA’s most recent “Processed Meat and Meat Processing Equipment” report,
As was done last year at this time, The National Provisioner surveyed you, our processor readers, on capital expenditure trends in your companies as part of our 2015 Economic Outlook.