Animal Protein Reports
Reports from CoBank Knowledge Exchange focusing on the animal protein industry.
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In 2021 the market for proteins witnessed a new type of consumer, one who is less sensitive to higher retail meat prices and more interested in
U.S. egg producers have been hard-pressed in the past two years to align supplies with market demand. The flock typically expands ahead of demand for Easter and contracts during the summer months when interest wanes.
For more than a decade, free trade has become decidedly less popular in the U.S. Unfortunately for U.S. meat exporters, the rest of the world continues to make headway on trade agreements that threaten to put U.S. producers at a disadvantage in global markets.
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.
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.
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. 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.
U.S. pork consumption is anticipated to grow in close tandem with the U.S. population.