Imbalance of supply and demand in American Meat Market
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Last Update: 2002-05-04
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Source: Internet
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Author: User
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Introduction: due to the increase of pork, beef, chicken and other meat production in the United States and the decrease of exports, there is an imbalance between supply and demand in the U.S market, and the price of meat has reached the lowest level in several years The U.S Department of Agriculture recently predicted that U.S meat production will be close to 84 billion pounds (1 pound = 0.454 kg) this year, an increase of 1% over last year, but this year's meat exports will be reduced by 2% The decrease of beef exports to Japan and poultry exports to Russia are the main reasons for the current downturn of meat exports in the United States In Chicago, a quarter of the chickens with legs were recently advertised at $0.17 - $0.29 per pound; in Arizona, pork chop last week was $3.99 per pound; in Texas, brisket was also down to about $0.8 per pound With the increase of meat production and the decrease of export in the United States, all the meat that cannot be exported has returned to the domestic retail market If this situation continues, it will cause huge losses to American beef and pork producers.
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