WACO, Texas – The United States Department of Agriculture in June reported the second largest surplus of meat in history after foreign markets crumbled because of tariffs, which in the long run could mean lower meat prices for U.S. consumers.
But what promises to be good for consumers could also spell disaster for local poultry, pork and beef producers as market prices plummet.
"Dang, that's a lot of meat," says Dr. David Anderson, professor of agricultural economics in Department of Agricultural Economics at Texas A&M University said Tuesday.
At least, it sounds like a lot of meat, but not so fast, there, cowboy, Anderson says.
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