Feed Strategy - May 2018 - 8
8 ❙ FeedStrategy GROWING PORK DEMAND Pork gains popularity in world markets: www.WATTAgNet.com/articles/34037 prices continued to rise. However, China's feed ingredient prices are much higher than in the United States: From 2000 to 2015, China's price of soybean meal was consistently 20 to 40 percent higher than in the United States, the U.S. Department of Agriculture (USDA) Economic Research Service (ERS) reports. In the United States and China particularly, pig producers are seeing improvements in feed conversion ratios, due to larger, more efficient production systems and pig diets that contribute to more rapid weight gain. Will poultry beat out pork? According to the National Pork Board, 110.58 mmt of pork was consumed worldwide in 2017, compared with 88.14 mmt of chicken and 59.36 mmt of beef. Pork is "still the No. 1 protein worldwide," Fleming says. "If we keep expanding and the countries around the world keep expanding, it'll be hard for poultry to replace pork as the No. 1 protein." SUSTAINABLE FEED INGREDIENT SOLUTIONS AND RELIABLE INEDIBLE BY-PRODUCTS REMOVAL As long as pork remains the most consumed meat in China, it will remain the most consumed meat in the world. Meyer agrees: "Worldwide, pork is still the most consumed meat in the world, with 42 to 43 percent of the total. Anytime you win China, you're No. 1 and pork is clearly the No. 1 meat in China." However, Alltech states broiler feed production overtook swine feed production in 2017 and predicts that, by 2022, broiler meat will be the world's most widely consumed protein. "I think chicken will eventually catch it, but I don't see that happening in the next eight or 10 years. There's a pretty sizeable gap there," Meyer says. "Chicken is a very inexpensive product to produce and, unlike pork, doesn't have any religious connotations to it. So, you've got the entire Muslim and Jewish world that is available to chicken that isn't available to pork." ■ SUSTAINABLE SOLUTIONS The ongoing growth and globalization of the livestock and agricultural industry presents many challenges, such as securing feed supplies that are safe, healthy and sustainable. Darling Ingredients' feed solutions have secured us a vital role in this field. By repurposing organic bio-nutrient residuals, we have grown into one of the world's leading suppliers of natural, sustainable feed ingredients. The safe processing of organic meat by-products and animal mortalities has proven to be the most secure and efficient way of handling these materials, as compared to other methods which can harm the environment through the release of methane gases and pathogens. NEW BOOTH LOCATION! DARLING INGREDIENTS BOOTH EV414 JUNE 6-8, IOWA STATE FAIRGROUNDS With our knowledge and technology, we can create sustainable solutions that will open up a world of benefits for you. Stop by our booth to learn how we can support your goals and sustainability needs. www.WATTAgNet.com ❙ May 2018