A livestock economist says the strength in the US economy has helped to keep beef and pork prices relatively strong.
University of Missouri’s Scott Brown says the economy added 224,000 jobs in June and that’s good news for the domestic market. “If we hadn’t seen those stronger jobs’ numbers than I think we’d see a situation where there would be less buy-up (lower income consumers purchasing higher quality or more expensive beef) than otherwise, they might not,” he says.
Continue reading Domestic demand supporting red meat prices at Brownfield Ag News.
