U.S. pork and poultry production growth an uphill battle

Published 2023년 3월 23일

Tridge summary

The U.S. pork and poultry industries are facing challenges such as health issues, limited labor, volatile feed costs, and regulations, leading to a plateau in productivity growth. Rabobank's report emphasizes the need for technology adoption to remain competitive and highlights that consumer preferences are shifting towards value-added and claims-based meat products. The bank suggests that near-term investment in four key areas could yield significant returns. The industry's future growth is expected to come from the foodservice and convenience sector, geographic expansion, and protein exports to Southeast Asia and Central America, despite potential risks from trade actions and regionalization trends.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Persistent health challenges, tight labor supplies, volatile feed costs and disruptive regulations continue to plague the U.S. pork and poultry industries, causing short-term productivity challenges and limited industry growth. While efficiency gains will be gradual, the adoption of new technologies will be crucial for future growth, according to Rabobank's latest report, "Necessity Is the Mother of Invention: Escalating Costs Accelerate Animal Protein Innovation." "We expect the rapid pace of operational and market change to accelerate the industry’s adoption of new technologies in order to remain competitive," notes Christine McCracken, Rabobank senior analyst for animal protein and author of the report. "This transition is likely to financially stress an industry already facing difficult operating conditions and a shrinking skilled labor pool. The alternative, however, is to risk being left behind." After a decade of significant growth — with the U.S. broiler industry producing ...

Source: NationalHogFarmer