Growing the cattle industry: Where one livestock economist sees opportunity

A Livestock Economist says the outlook for the cattle industry is looking good, despite ongoing drought conditions across the world.

Brett Stuart with Global AgriTrends says he sees opportunity in the market because of growing global demand. He says in the next ten years, the world is going to need eight million more tons of beef.

The United Nations is already responding to that prediction saying they will increase production by four million tons in the next decade.


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Cattle producers recently promoted U.S. beef on a trip to Japan and Korea with the U.S. Meat Export Federation.
After years of drought, farmers across U.S. farm country are getting so much rainfall that it’s dampening their spring planting progress later into the season.
According to USDA experts, Brazil and Argentina’s large drop in corn production has more to do with the economics of corn markets than impacts from weather.
According to the latest U.S. Drought Monitor, no part of Iowa is experiencing extreme levels of drought for the first time in nearly two years.