GFM Network News

Feedlot operators invested record amounts of money in cattle in 2014.

Beef industry travelling to a different drummer this year

After an extraordinary year in which all animal industry saw higher prices, beef stands alone in the continuation of lower production

2014 was a special year for the animal production industries with record-high farm-level prices for cattle, hogs, broilers, turkeys, milk and eggs. For 2015, a surprisingly fast expansion of poultry, pork and milk production will cause lower prices for those commodities. Beef stands alone in the continuation toward lower production, but prices remain uncertain. In

Animal industry entering a mini-boom period

In 2007, meat consumption per person in the U.S. was 219 pounds for the big four of beef, pork, chicken, and turkey. Current USDA estimates for this year are down to 199 pounds per person, nearly a 10 per cent decrease in seven years. In percentage terms, consumption of beef has been down 17 per