Changes in red meat production have also come under scrutiny. Beef stocks are expected to decrease, which could lead to higher prices. However, alternative meats, such as pork, are worth considering as a favorable option for consumers.
Regarding the USDA's forecast for an increase in the number of hogs in 2024, the Gensus team expresses doubts, especially given the difficulties faced by the Iowa hog industry. Given the demand for meat, consumers will continue to buy it despite economic factors.
We also noted an increase in prices for meat products and an active consumption of fried food at the Iowa State Fair. The Gensus team participated in a charity auction for the Iowa Agricultural Development Foundation, which raised a significant amount of money to support young people studying agriculture.
For more details, please read the latest report by global industry analyst Jim Long here: pigua.info/en/post/us-crop-tour-jim-long
