Potential Recession Could Influence Meat Demand, Production

Economic signals, and the pundits interpreting them, suggest that the economy could enter a recession next year, if not already, with impacts to meat demand likely. University of Missouri livestock economist Scott Brown says there are already signs that a slowdown is underway, notably with consumers seeking different cuts of meat to fit their tighter budgets.

Central MO Info · 22 1114 MU Livestock Economist Scott Brown on Meat Demand in 2023 cut 1

Brown says with cattle populations declining, consumers may find beef prices higher, prompting a look at other proteins including pork. He adds that could encourage producers to shift their output.

Central MO Info · 22 1114 MU Livestock Economist Scott Brown on Meat Demand in 2023 cut 2

University of Missouri livestock economist Scott Brown says international demand for American meat is expected to remain steady in 2023, even as a stronger dollar and higher prices make exporting overseas more difficult.