Protein Passport: Export Market Volatility is Worth the Risk
- Per capita animal protein consumption in the U.S. will reach an all-time high in 2019 and is expected to plateau shortly thereafter.
- Export growth will be key for U.S. beef, pork, and chicken producers as growing meat supplies and processing capacity outstrip domestic demand.
- Greater reliance on export markets has resulted in higher price volatility for the animal protein sectors in other exporting nations like Australia, Canada, and Brazil.
- Higher profitability has offset higher price volatility for beef, pork and poultry producers in Australia, Canada and Brazil, respectively, despite declining domestic consumption in Australia and Canada.
- Exports have driven industry growth in Australia, Canada and Brazil, and would likely underpin further industry expansion for the U.S. in the years ahead.
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.