The animal protein markets are very strong at the moment, given robust consumer demand for meat, milk and eggs, both in the domestic and export markets. In this episode we talk with Brian Earnest, a protein analyst with CoBank, about the current macroeconomic situation including his insights on inflation and his level of concern about the prospect of rising prices in the year ahead.
The animal protein markets are very strong at the moment, given robust consumer demand for meat, milk and eggs, both in the domestic and export markets. The question then becomes how long that demand might hold if inflationary pressures dampen spending at some point in the coming year, or how additional COVID-related challenges such a surge in variant-fueled infections – and any new lockdowns or restrictions – might throw a wrench in the system.
In this episode we talk with Brian Earnest, a protein analyst with CoBank, the national cooperative financial institution focused on rural America as part of the Farm Credit System. Earnest describes the current macroeconomic situation, including his insights on inflation and his level of concern about the prospect of rising prices in the year ahead. We also discuss the prospects for continued consumer demand, and what a resurgence of COVID might do to the U.S. meat industry.
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