Without added unemployment benefits, 35% of American consumers are likely to buy less meat. Yet, double-digit gains in both volume and dollar sales were seen for retail meat departments in the first week of August.
Producers of beef and pork have been discouraged about recent low prices as cash prices have dropped sharply this year. According to a Purdue University Extension economist, spring finished cattle price highs were near
Stubbornly record-high corn prices in Brazil, the world's No. 2 exporter of the grain, are compelling pork producers to slaughter sows they cannot afford to feed and poultry processors to close plants.
Hopes in Brazil's distressed poultry and pork industry that record-high corn prices will lure farmers to sow more of the feed grain may be squashed by soaring soybean prices, potentially prolonging the crisis and boosti