ArrowStream Foodservice Blog

USDA Boosts Protein Supply Forecasts

Posted by Kate Hubbard on Jul 14, 2020 11:01:30 AM

Last Friday, the USDA released a plethora of data important to the restaurant industry. While ArrowStream economists weren't surprised on grains expectations, they did comment on the increase of protein supply expectations. 

"The USDA made some notable changes to its protein production forecasts for the rest of this year and next,  boosting beef, pork, and chicken. Despite this, the USDA sees output tracking below year-ago levels in three of the next four quarters with annual declines in beef, pork, and chicken. Hard to argue with them here as the economy sputters and margins for producers are erratic. This could be supportive of protein prices later this year and into 2021. Still, protein supplies are projected to become concerning after this summer."

 

USDA Boosts Protein Supply Forecasts

 

Topics: Market Intelligence

Subscribe to Our Emails

You can expect the following topics for best practices and updates on:

  • Supply chain management efficiencies
  • Strategic sourcing
  • Food safety and quality
  • Supply chain partner collaboration
  • Market intelligence

Recent Posts