Meat producers take note
Lower grain and higher meat prices imply improved profitability for livestock producers globally. With some provisos, this is also true for South Africa.
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Global meat production grew by 1% in 2013. Poultry meat showed the slowest growth in 20 years, while pig and sheep meat had the fastest growth. The main limiting factors on poultry meat production were high feed prices in the first half of 2013 and the slowdown in Chinese production growth after consumer reaction to the H7N9 avian flu outbreak.
Read the full story on http://www.farmersweekly.co.za/.
About the author
Dr Koos Coetzee is an agricultural economist at the MPO. All opinions expressed are his own and do not reflect MPO policy.