Fitch: U.S. Protein Trending Mainly Positive in Early

CHICAGO--()--Recent trends for key U.S. protein industry indicators are mainly positive, according to a Fitch Ratings' Quarterly U.S. Protein Dashboard Report published today.

Fitch expects good demand, lower feed costs, and modestly higher supply to result in price realization and improved profitability across most segments of the industry during 2015. Lower-cost corn is likely to result in increased production of chicken and pork which will be partially offset by declines in beef as herds are rebuilt.

Consumer bias toward protein-rich foods and an improving U.S. economy should support domestic protein demand through 2015, despite another round of higher than normal retail price inflation. However, near-term uncertainty exists for exports due to a strong dollar, China's ban on U.S. chicken, and disruptions at West Coast ports. Freezer stocks for chicken, beef, and pork all remain down versus the prior year, suggesting no immediate backup in supply and the potential for good price realization in 2015.

The dashboard includes a synopsis of key industry indicators and trends for exports, production, pricing and cold storage. The full 'U.S. Protein Dashboard' is available at 'www.fitchratings.com'or by clicking on the link.

Additional information is available at 'www.fitchratings.com'.

Applicable Criteria and Related Research: U.S. Protein Dashboard

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Contacts

Fitch Ratings
Carla Norfleet Taylor, CFA
Director
+1 312-368-3195
Fitch Ratings, Inc.
70 W. Madison
Chicago, IL 60602
or
Wesley E. Moultrie, II, CPA
Managing Director
+1 312-368-3186
or
Samantha Silverstein
Analyst
+1 312-368-3145
or
Media Relations:
Alyssa Castelli, +1 212-908-0540
alyssa.castelli@fitchratings.com
Elizabeth Fogerty, +1 212-908-0526
elizabeth.fogerty@fitchratings.com

Contacts

Fitch Ratings
Carla Norfleet Taylor, CFA
Director
+1 312-368-3195
Fitch Ratings, Inc.
70 W. Madison
Chicago, IL 60602
or
Wesley E. Moultrie, II, CPA
Managing Director
+1 312-368-3186
or
Samantha Silverstein
Analyst
+1 312-368-3145
or
Media Relations:
Alyssa Castelli, +1 212-908-0540
alyssa.castelli@fitchratings.com
Elizabeth Fogerty, +1 212-908-0526
elizabeth.fogerty@fitchratings.com