CropVillage Industry

Struggling Meat and Poultry Demand?

Jan 2012 Meyer Swine Economics

Dr. Steve Meyer, Paragon Economics, provided an update on the state of the meat and poultry markets. His main take away is that the demand continued to struggle late 2011.

The bad news is that these "annual" numbers for 2011 have been getting worse and worse as the year has progressed.

Steve reminds us that the indexes only describe how demand is changing, not why a change is occurring. He believes consumer incomes and spending was the major negative force in the domestic market in 2011.

Charts below from Paragon Economics, using USDA data.

Food Safety Difficult When No One Listens

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Audio via PoultryCast.com

Tony Flood, International Food Information Council, asks "How much time do you spend learning about something you don't think you'll need?" and provides insight on how this applies to food safety. He suggests creativity is key to implementing food safety.

How can we be better at communicating the risks of food safety?
People are interested in food from a nutritional point of view and from a personal point of view. We need to make a link to those personal connections, bringing into the link the food safety aspect. We need to be better in tune with what consumers are thinking.

Learn more about the International Food Information Council Foundation via conversation with Tony Flood.

Dairies: Cost of Production More Important Than Milk Prices

Profiting from efficient milk production According to the DairyCo (UK) Milkbench+ report, the relationship between cost of production and profit is much stronger than many dairies realize. The report states that cost of production is the most significant factor in determining profit.
Milkbench+ analyst Karolina Klaskova says: “Through robust data and statistical analysis we see that the relationship between cost of production and margin is strong.” Ms Klaskova acknowledges that the findings are challenging. “The report raises many issues, including just how difficult it can be to make a profit from milk production,” she says.