Animal Protein Reports
Reports from CoBank Knowledge Exchange focusing on the animal protein industry.
Stay ahead of the game in your field. Subscribe today.
Get CoBank's industry-leading Knowledge Exchange research reports delivered straight to your inbox as soon as they're released.
Have a comment or question about these reports?
Contact CoBank's Knowledge Exchange team to ask questions, engage with analysts or receive additional information.
The U.S. Dollar Index saw rapid deflation in 2020 and has coincided with a rally in commodity prices.
2020 was the most volatile and, for many, the most challenging year in U.S. animal protein history.
Feed costs have been relatively benign since 2012, helping the beef, pork and poultry sectors to expand more from 2014 to 2019 than in any five year period in the industry’s history. But in the coming year, U.S. livestock and poultry producers will face more feed cost inflation than they have in over a decade, challenging their ability to recover after a difficult and volatile 2020.
The U.S. pork industry has built multiple new plants over the past four years, increasing U.S. packing capacity by 12% with much of this new capacity eyed for international markets.
The spread of COVID-19 among people who work in many beef and pork plants across the country has led to plant slowdowns and shut downs, creating a bottleneck in the U.S. meat and livestock supply chain.
In January, Walmart officially entered the beef business when it opened a case-ready beef plant in Thomasville, Georgia.
The U.S. rural economy will continue to face headwinds in 2020 and is expected to underperform relative to the economy of urban America.
Evolving U.S. demographics are shifting consumer preferences from white chicken meat to dark meat.
The US chicken industry has experienced an unprecedented run of historic profitability since 2012 and responded with a significant increase in production and processing capacity.
Last August when the first cases of African Swine Fever (ASF) were announced in Northeast China, it was immediately clear that the global pork sector would be affected.
U.S. animal protein supplies have reached all-time highs in both production and domestic consumption.
The U.S. economy is still performing well by most key measures. However, consumers, investors, companies and other market participants have become more wary about the near-term future with seemingly good reason.
African Swine Fever (ASF) is spreading throughout China, the world’s leading producer and consumer of pork. The swine disease — which is feared by every major pork producing and exporting country — has been detected in ten China provinces in the last two and a half months.
Costco sells more than 90 million rotisserie chickens each year, so the announcement that plans to build a poultry processing complex in eastern Nebraska raised numerous questions about how the nation's third largest retailer will orchestrate the construction and operation of a $400 million poultry complex.
Beef production in the U.S. is on the rise, and export outlets have never been more important. U.S. beef exports in 2017 exceeded industry expectations and the momentum is expected to continue through 2018 with exports forecast to increase 4-6 percent. However, market access with key partners is creating a heightened level of uncertainty.
U.S. cotton acreage will be up in 2018, but nowhere is that increase more transformative than in the Southwest. Kansas, Oklahoma, and Texas are projected to increase planted area by 40 percent, 16 percent, and 6 percent, respectively.
U.S. egg production, pricing and producer profitability have been highly volatile over the last two years. The Highly Pathogenic Avian Influenza (HPAI) outbreak in 2015 caused egg prices to surge, incentivizing egg producers to ramp up production and quickly replace the laying hens lost to HPAI.
Alternative protein products derived from plant sources, insects and cultured meats are one of the top food trends to watch in 2018 and beyond. The effect on livestock and poultry protein demand in the U.S., however, is not expected to be significant.
The U.S. beef cattle herd is still in the expansion phase of the current beef cattle cycle. This expansion will lead to steady growth in beef production through 2019. However, following the most aggressive 3 year start to any expansion on record, inventory growth appears to be decelerating.
Strong balance sheets and rising global demand are incentivizing U.S. pork processors to expand capacity. When the five construction projects underway are complete, packing capacity will increase by 8-10 percent.