beef steaks

Economist: Beef industry set up for crash

Growth to continue in all major protein sectors.

Steve Meyer, vice president of pork analysis at EMI Analytics, said during the 2017 World Pork Expo, held last week in Des Moines, Iowa, that the beef industry is set up for a real crash this summer.

He noted that the industry has placed "a lot of cattle since December. A lot more cattle were placed before then. The supply of long fed cattle has been very tight over the last six or eight weeks. They’ve pulled some cattle forward; you see that in weights.”

Meyer exp

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