Articles Tagged with ''economic outlook''

The news headlines of the past year have been dominated by upheaval and uncertainty, but the stories surrounding the meat and poultry industry were more positive. Those stories were a part of the largely positive response from the industry to this year’s annual Top 100 Processors Report.

President at Certified Angus Beef John Stika spoke with editor-in-chief Andy Hanacek about all the contributions to setting a record one billion pounds in sales. Plus, Stika discusses what the future may hold with uncertain economic predictions.

Average U.S. Animal Slaughtering and Processing Production during the 12 months through September was up 1.9 percent; however, the pace of growth has slowed since January.

The year 2016 was a far less dramatic year for the beef, pork and poultry industries and provided breathing room for industry participants to absorb last year’s sluggish export sales, large animal supplies and falling prices.

Average U.S. beef production in the 12 months through May was up 0.9 percent compared with last year and up for the ninth consecutive month.

Average poultry production for the last 12 months is at an all-time high and is up 4.4 percent from the prior year. There are, however, some tentative signs of slower growth moving through early 2016.

The Animal Slaughtering and Processing Production Index 12-month moving average rose continuously through the first three quarters of 2015 and is up 1.9 percent on a year-over-year basis.