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U.S. posed for growth in cattle industry, ag host says
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| Market to Market Host and WHO Radio Announcer Mark Pearson talks to a couple of people in the crowd prior to giving a speech about the livestock industry. Photo by Jennifer Nichols |
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By Jennifer Nichols
NT Staff Writer
BRIDGEWATER - Market to Market host and WHO Radio Mark Pearson predicted an increase in the number of in the industry, during a speech at the Nichols Farms Customer Appreciation Day held this past weekend.
Pearson said he, and other analysts who appear on the agriculture themed show, believe the cattle industry is set to go the way of the corn industry, which has grown to the point that many producers in the southern United States have sold their cotton planters, in favor of a corn planter after the corn belt expanded.
Pearson said the United States currently has the smallest cattle herd it has had since 1950, and in the next “24-36 months.” Prior to the BSE scare several years ago, Pearson said 9 percent of U.S. cattle were sold to consumers over seas in Asia, Korea and Japan, and since that time, the number has dropped to 5 percent. Pearson believes those markets will open up again, and could go back to 9 percent or even increase to 10 or 20 percent.
Pearson also believes the pork industry will also grow due to exports, noting, “(Foreign consumers) want our protein.” For example, most Americans are familiar with the strategic oil reserves the country owns, but Pearson noted China has a strategic pork reserve for its citizens.
Pearson said he, and other analysts who appear on the agriculture themed show, believe the cattle industry is set to go the way of the corn industry, which has grown to the point that many producers in the southern United States have sold their cotton planters, in favor of a corn planter after the corn belt expanded.
Pearson said the United States currently has the smallest cattle herd it has had since 1950, and in the next “24-36 months.” Prior to the BSE scare several years ago, Pearson said 9 percent of U.S. cattle were sold to consumers over seas in Asia, Korea and Japan, and since that time, the number has dropped to 5 percent. Pearson believes those markets will open up again, and could go back to 9 percent or even increase to 10 or 20 percent.
Pearson also believes the pork industry will also grow due to exports, noting, “(Foreign consumers) want our protein.” For example, most Americans are familiar with the strategic oil reserves the country owns, but Pearson noted China has a strategic pork reserve for its citizens.
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