Amid all the recent market drivers affecting beef and cattle markets — the pandemic, drought, inflation and high feed costs — it is instructive from time to time to step back and look at longer-term global trends in meat consumption.
Using the supply and demand database from the USDA Foreign Agricultural Service, I considered the 12 largest markets in terms of domestic consumption for each of beef, pork and chicken. These markets comprise about 87% of global beef consumption, 94% of pork consumption and 76% of chicken…
