The Meat Institute calls on Trump for regulatory improvements
“The U.S. meat and poultry industry is the economic engine powering the agriculture sector. According to the U.S. Census Bureau, meat and poultry processing is a $227.9 billion industry employing more than 532,000 workers.
In 2024, the meat and poultry industry produced 26.99 billion pounds of beef, 27.79 billion pounds of pork, 40.2 million pounds of veal, 133.6 million pounds of lamb and mutton, and 52.8 billion pounds of poultry.
The Meat Institute is the United States’ oldest and largest trade association representing packers and processors of beef, pork, lamb, veal, turkey and processed meat products, and Meat Institute member companies account for more than 95% of U.S. output of these products.”
The Meat Institute calls on Trump for regulatory improvements
AgWeb:
“US Cattle herd at multi-generation lows Prices at historical highs.
Last year’s USDA Cattle Inventory Report showed the smallest cattle herd in 73 years. And with no strong signs of rebuilding underway, along with strong prices providing no incentive to retain heifers, agricultural economists think the U.S. cattle inventory has shrunk even more since last year.
Last year, USDA’s Cattle Inventory report showed as of Jan. 1, 2024, the All Cattle and Calves inventory was 87.15 million head, a 2% reduction in just a year. Ahead of the 2025 report, the January Ag Economists’ Monthly Monitor asked economists to project inventory as of Jan. 1, 2025.
50% said they expect inventory to fall to 86 to 86.9 million head.
20 percent expect inventory to remain similar to levels last year
An additional 20% think inventory will rise to 88 to 88.9 million head.
And 10% think cattle numbers could to 85 to 85.9 million head.”
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