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2.5 Billion Pounds of Meat is Piling up in the US as Exports Slow Down

posted by martyb on Thursday July 26 2018, @06:24AM   Printer-friendly
from the It's-a-meat-wave! dept.

An Anonymous Coward writes:

WKBW-TV reports:

Some new numbers are showing that the U.S. has more than 2.5 billion lbs [1.1 million metric tons] of meat in cold storage warehouses, and it's all because Americans aren't eating enough to keep up with supply.

Another reason is that the trade situation is chipping away at global demand.

[...] The U.S. Department of Agriculture projects the industry will produce a record 102.7 billion pounds of meat this year.

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  • (Score: 3, Insightful) by Whoever on Thursday July 26 2018, @02:47PM (1 child)

    by Whoever (4524) on Thursday July 26 2018, @02:47PM (#713124) Journal

    Also, it's worth pointing out that if supply is exceeding demand then the stuff will keep piling up because the farms sure as heck are not going to slow production until the price people pay for it falls below the point where all the sellers and middlemen can still turn a profit.

    The market is going to be distorted by Trump's new welfare for farmers, so expect more and more meat to pile up in cold storage.

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  • (Score: 2) by fyngyrz on Thursday July 26 2018, @08:56PM

    by fyngyrz (6567) on Thursday July 26 2018, @08:56PM (#713359) Journal

    The market is going to be distorted by Trump's new welfare for farmers and ranchers, so expect more and more meat to pile up in cold storage.

    FTFY