By 2028, pork production should exceed beef production by just over 30 billion pounds.

The US Department of Agriculture (USDA) has released another Long-Range Forecast Report, which covers all markets, from corn and rice to dairy products and pork. The report indicates that the next 10 years will be a period of change in the livestock industry.

By price: it is predicted that in the pig industry the ratio of feed prices will decrease, and then by the end of the decade will restore some of its value, while the ratio of feed prices in the broiler industry is expected to decrease in the first half of the decade and gradually increase towards the end decades.

Per capita food consumption: It is projected that per capita consumption of red meat (beef and pork) and poultry (broilers and turkeys) will increase from 214 pounds per person in 2017 to almost 223 pounds by 2028. In 2019, per capita consumption is expected to reach almost 222 pounds per person, representing a record high.

Exports: Despite a strong dollar, US red meat and poultry exports are projected to grow over the next 10 years as robust global economic growth, especially in emerging economies, supports external demand from the US market.

US pork exports will grow faster than beef exports, and on par with poultry exports. Improving production efficiency in the pig sector continues to increase the international competitiveness of the industry.