Growing supplies of meat and dairy products apply pressure on farm prices through 2017 into 2019. With big supplies, strong consumer demand brings good news for producers.
High beef prices are here to stay for a while, as recent drought conditions in Texas and around the country have reduced the nation's cattle supply to its lowest numbers in more than 50 years, according to agricultural experts.
Demand in 2018 appears to be rounding into form similar to the previous two years with continued strong demand that has supported beef and cattle prices through the entire production chain.
Juicy lab-grown steaks and burgers made of plant-based meat could soon be tempting hardened carnivores scanning restaurant menus in the world's biggest cities, as food producers explore fresh ways to feed booming popul