CoBank Report Predicts Easing Of U.S. Protein Glut In 2016
Leading Indicators Suggest Better Year for Beef, Pork and Poultry Producers
DENVER (January 21, 2016) —The supply glut that plagued U.S. beef, pork and poultry markets last year and ratcheted down margins is expected to ease in 2016, according to a new research report from CoBank. The bank, a major agribusiness lender, says leading indicators point to animal protein supplies transitioning toward a better balance in the marketplace, with protein stocks more in line with overall levels of demand.