Page 6 - MWC 4-21-2022s
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Meat Production and Consumption Decreasing                                                    The Midwest Cattleman · April 21, 2022 · P6

      By Derrell Peel -
      Oklahoma State University          and lamb production.               ther. HPAI could re-
                                            Pork production is forecast     sult in some reduction
                           Declining  to decrease to 27.19 billion          in broiler production,
                        beef and pork  pounds in 2022, down 1.8 per- but export bans could
                        production  cent year over year. The March  result in more broiler
                        may offset in- Hogs and Pigs report showed  meat being directed to
                        creased broil- that  inventories  of  both  mar- the  domestic  market,
                        er production  ket  hogs  and  breeding  hogs  thereby  increasing  do-
                        and lead to a  were down from last year. Per        mestic     consumption
                        decrease     in capita pork consumption is          even more.
      total meat production in 2022.  projected to be 50.3 pounds in          Beef production in  Declining beef and pork production may offset in-
      The  latest  forecasts  from  the  2022, down from 51.0 pounds        2022 is forecast to de- creased broiler production and lead to a decrease in
                                                                                                      total meat production in 2022
      Livestock  Marketing  Infor- last year. Pork exports are ex-          crease by 2.2 percent
      mation Center suggest that  pected to decrease in 2022 on  to 27.39 billion pounds,                     will be additionally impacted
      total red meat and poultry  weaker exports to China. This  down from the record level of                by drought conditions and re-
      production will total 106.25  will offset some of the decrease  28.01 billion pounds last year.         duced production of pasture
      billion pounds, down slightly  in production thus muting the  Beef consumption is project-              and hay. Drought may impact
      year over year. If realized, this  decrease in domestic pork con-     ed to be 57.2 pounds in 2022,     the timing of beef production
      would be the first decrease in  sumption.                             down from 58.8 pounds last        with drought liquidation po-
      total meat production follow-         Broiler chicken production is  year. Declining beef cattle in-    tentially  increasing  beef  pro-
      ing seven consecutive years  forecast to increase 2.3 percent         ventories will result in reduced   duction temporarily but lead-
      of increasing production since  in 2022 to a record 45.44 bil- cattle slaughter this year               ing to a larger decline in beef
      2014.  Total  2022  per  capita  lion pounds. Per capita broiler  and declining beef production         supplies later.
      meat consumption is forecast  consumption is projected to be  through the year. Beef exports               Retail prices are high for all
      at 222.4 pounds, down year  97.8 pounds this year, up from  are expected to decrease from               meats. Reported retail pric-
      over year from 224.2 pounds  96.4 pounds in 2021. Highly  the 2021 record levels.                       es in February were up 14 to
      last year. Pork, broiler, and beef  Pathogenic  Avian  Influenza        High feed prices will im-       nearly 16 percent year over
      production represent 94 per- (HPAI) is a threat to all poultry        pact all livestock industries     year for beef, pork, and broil-
      cent of total meat production  markets but has so far mostly          and  may  moderate  meat  pro-    ers. Meat prices are not ex-
      in the U.S. Most of the remain- impacted laying hens and tur-         duction going forward. Feed       pected to continue rising but
      ing 6 percent is turkey produc- keys. However, broiler export  costs increased significantly in         may stabilize and hold near
      tion, along with small totals of  bans are already restricting  2021 and will push even high-           current higher levels.
      veal, other poultry, and sheep  exports and could expand fur-         er in the coming months. Beef

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