US feedlot consultant predicts meat price increase

Bob Lee from the Kantech Feedlot Association says meat prices in the US have tripled in line with rising corn prices.

He says the booming ethanol sector has driven international prices higher, so it is inevitable that meat prices in Australia will also go up.

"Pork and poultry are highly affected by grain prices and protein meal prices, so therefore that's not cheap meat that could replace beef as has happened in the last 20 years. So those days are over and so pork and poultry prices are going to up there," Mr Lee said.

To continue reading this article please click here

Source: ABC Rural

Sign up for our
regular news updates

Latest Poultry Industry News

•   BIRD FLU: UK Bird Flu Restrictions Lifted
•   Barriers Need to be Broken to Help Farmers
•   New International Guidelines on Food Safety
•   Domesticated Storks Kill Flies in Vietnam
•   Hand in Hand: Alberta Industry and Research Centre
•   Remaining Restrictions Lifted in Oxfordshire
•   Aviagen Gets to Grips with Key Issues in Turkey
•   The Quest for a 'Green' Agricultural System
•   DEFRA: 21^st Century Challenges for Food Set in the UK
•   Egg Prices Thrive in Bangladesh Climate of Fear