Economist expects higher prices, changing available meat
An animal economist expects the full availability of meat products to remain constant in 2022, but anticipates a change in the product mix.
Brenda Boetel of the University of Wisconsin River Falls says consumers in Brownfield will have less beef and pork on the market, but more poultry. “It’s a supply problem, as we see with the herd. We’re starting to decline. We are still making contracts, so in the end there will be less supply of beef, and when we look at the pork industry, we have sacrificed quite a lot after the 2020 shutdown, so the herd is even smaller there. ”
Boetel says inflation and available supplies are affecting consumer meat prices. “The increase we saw in those prices for beef was higher than for other products. Pork is the second largest protein. However, it still grew, and then the poultry, which is the least expensive of those proteins, grew, but the impact was much smaller. ”
Boetel also expects a drop in US meat exports this year. “It won’t be as strong in 2022 for some of them, but a lot of it has to do with not so much that exports are not wanted, we just don’t have that much supply to be able to export. . ”
Brownfield interviewed Boetel during the recent Forum Outlook Ag at the University of Wisconsin.
https://brownfieldagnews.com/news/economist-expects-higher-prices-shift-in-available-meats/ Economist expects higher prices, changing available meat