High costs and tight margins could be on the horizon for animal protein businesses, and researchers warn they should be prepared to make adjustments on the go.
A Rabobank report shows demand for red meat and poultry is still strong despite consumer inflation. Processors have also been doing a good job of managing higher costs and diseases like High Pathogenic Avian Flu but they warn maintaining that momentum will be difficult moving forward.
They say businesses should be focused on improving productivity, investing in new product development, and boosting supply chain partnerships. Rabobank also suggests growth will continue for our foreign market competitors.
