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November 21, 2011

Short supply and elevated prices common throughout protein markets

"Short supply and elevated prices are a pretty common theme throughout all protein sectors," said John Carley, VP and Senior RM for Wells Fargo Bank. He was speaking to feed ingredient purchasing managers and other poultry industry professionals who had gathered at the 2011 Grain Forecast and Economic Outlook Conference in Atlanta, GA. The conference was sponsored by USPOULTRY.

 

Carley provided an overview of the protein markets in his presentation, A Wall Street View of the Protein Markets. He gave a review of some of the top industry companies from all protein sectors. He concluded his presentation with a look at the food and agribusiness’ view of the protein markets. Carley commented, "The view of Wall Street, in my opinion, is strong. I think the protein sector is well positioned, both domestically and in the export markets. The broiler business has done a nice job of not relying on Russia for dark meat exports and has found other markets in which to move product."

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