The biggest question on everyone’s mind currently is how much 2021 will look like 2020, Will Sawyer, lead animal protein economist at CoBank, said during Market Intelligence Forum, held virtually this week as part of International Production & Processing Expo. “In some ways, we think that 2021 is going to be a lot better than 2020, but at the same time, we think there’s definitely going to be our fair share of challenges for the global poultry market.”
CoBank sees upcoming challenges on the demand side, the supply side and then rising feed costs after last year brought a “historic shift.”
“In the midst of the shift in consumption, there was also this historic contraction in the global economy. Both of those drivers really affected demand for poultry, for protein, and for food, in general.” Read more