The supply glut that plagued US beef, pork and poultry markets in 2015 and ratcheted down margins is expected to ease in 2016, according to a new research report from CoBank. The bank says leading indicators point to animal protein supplies transitioning toward a state of equilibrium, with protein stocks more in line with overall levels of demand. “It’s clear that in the coming year, the headwinds and adverse conditions created by excessive protein stocks are clearing,” said Trevor Amen, animal protein economist withCoBank. “Surprisingly strong US consumer demand helped lay the groundwork for improving market conditions in the coming year,. Read more...
South Africa will be facing a disaster if it doesn’t rain by the end of December. Over the past year, El Niño has caused below average rainfall in many parts of the country, with some areas recording their lowest rainfall in fifty years. Dry climatic conditions is taking its toll on animal production and is threatening food security in the country. Glenneis Kriel reports. Dry climatic conditions, caused by El Niño, are having a decimating impact on agricultural production in South Africa and threatening to drive up food prices to unaffordable levels over the next few months. It has resulted in total maize production (for animal and human consumption). Read more...
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