From farm to table, challenges abound for the animal-protein segment – most notably increasing input costs. Some prices of inputs such as corn and soybean meal are now easing but we expect other costs will continue to deter expansion plans. Moreover we expect the industry’s focus on efficiency and technology to intensify, and emphasis on risk management to remain paramount.
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Brian Earnest
Brian Earnest is lead economist for animal protein in CoBank’s Knowledge Exchange division. He provides market and industry research for the poultry, pork and beef sectors.
CoBank is a $158 billion cooperative bank serving vital industries across rural America. The bank provides loans, leases, export financing and other financial services to agribusinesses and rural power, water and communications providers in all 50 states. It’s a member of the Farm Credit System. Visit www.cobank.com for more information.
