ArugulaIt’s small, it’s green, and it has a powerful bite! Finally, this salad bowl star is getting the attention it deserves (and that means more than a good vinaigrette.) |
| Red Meat: Product Cutting |
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Product Cutting
Center cut baseball top sirloin
Conducted by Tom McAliney
Market outlook Decreased supply is the big story as we move into the second half of 2008 and look ahead to 2009. The USDA’s Livestock, Dairy and Poultry Outlook published by the Economic Research Service in February forecasts lower cattle inventories and reduced beef supplies; beef imports will also decline as a weak dollar lowers demand. Similar scenarios are unfolding with other red meat animals. After consecutive increases in 2005 and 2006, sheep inventory has declined over the past two years, states the report. While 2008 pork production is five percent above last year’s, prices are averaging 15 percent below 2007 levels. Many hog producers have announced cutbacks in production in order to make ends meet, but “reducing inventory is a slow process,” says Bill Lapp of Advanced Economic Solutions. Overall food price inflation and high feed costs are keeping most wholesale meat prices high, but Lapp warns that 2009 will be the year of “protein sticker shock.”
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