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January 30, 2019 |

CoBank Releases Protein Passport Report

U.S. animal protein supplies have reached all-time highs

According to CoBank's recent Protein Passport report, U.S. animal protein supplies have reached all-time highs in both production and domestic consumption.

Domestic consumption growth will surely slow from the rate seen the last five years, however, making export growth essential to a profitable supply and demand balance.

Some key points in the Protein Passport: Export Market Volatility is Worth the Risk include:

  • 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
  • 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

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