Input costs for livestock producers are projected to rise this year and an ag economist says strong global demand for US proteins will be key to profitability.
Michael Swanson with Wells Fargo tells Brownfield especially with the amount of beef, pork, and dairy produced in the US. “We need that demand,” he says. “We have too much domestic production in the sense we can’t consume it all. But that foreign trade does make us vulnerable to a lot of trade disputes and that’s an open question going forward.”
He says China will be a wild card again this year.
