Higher feed costs may contribute to slower meat production growth in the U.S. in 2022 and subsequent years. That’s just one prediction from the Food and Agriculture Policy Research Institute at the University of Missouri.
If projections from University of Missouri economists are correct, lower prices are coming for corn, soybeans, and hogs, but higher prices for cattle.
Producers have seen a sharp increase in net farm income this year, led by higher commodity prices but projections for 2022 do not appear as optimistic according to the Food and Agriculture Policy Research Institute at the University of Missouri.
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