Not all is bad in agriculture.
When grains are cheap, it makes the cost of gain for livestock less expensive. That usually makes profitability greater for the livestock sector.
Demand is the other side of the equation, as price is only discovered where supply and demand intersect.
Worldwide, there is strong demand for beef and pork. Export data for August shows a record value of beef leaving the country at $750 million. Pork was steady with last year’s volume.
The United States lost pork demand from China due to tariffs, but other demand is widespread, both in Asia and western countries. We take a look at how the meat export business is doing in the program below.
AUDIO: Profit Matters 10-9-18
To review the complete January-August export report from U.S. Meat Export Federation, click here.