Dried Meat Powder Price Trend and Forecast

Dried Meat Powder Regional Price Overview

Get the latest insights on price movement and trend analysis of Dried Meat Powder in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Dried Meat Powder Price Trend for the First Half of 2023

Dried Meat Powder’s market directly aligns with its feedstock meat market. During the said period, an incline was observed in the Dried Meat Powder industry. Beef prices surged because of the supply constraints. It takes around 18- 22 months for a calf to get to market weight, and heavy drought in many cattle-supplying regions led to a decrease in their numbers, and the livestock was sold in haste to not let the losses grow further.
 

Dried Meat Powder Price Chart

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The meat packing companies were already struggling since the pandemic to restart the plants as the laid-off workers got into other occupations, so the supplies were constricted because of that also.

And though the chicken prices were stable at the beginning, excessive heat strokes in the second quarter prevented the hatching and again created supply curtailments in the chicken market. So, overall, the Dried Meat Powder prices wavered at the higher end of the price curve.

Analyst Insight

According to Procurement Resource, because of the long incubation time involved with livestock, the price situation doesn’t appear to be changing in the immediate future, so similar behavior is expected in the price trend of Dried Meat Powder.
 

Dried Meat Powder Price Trend for Second Half of 2022

The production of dried meat products witnessed a significant decline, especially in the European and North American regions as the region was distressed due to the frequent droughts and increasing costs of production. The dry season in the area reduced the grass and maize feed for herds and in addition to this the energy prices soared, and farmers also faced the inclining energy and fertilizers prices.

In the Texas region, the loss of herds was approximately 3% as compared to 2020 levels, majorly attributed to the rough weather conditions, lack of pastures, and weak market conditions. Hence, due to this disbalance in supply and demand, the meat prices increased causing the price trend for dried meat powder to incline.

However, the poultry meat industry increased by approximately 28.9% in the last quarter of 2022 to a new all-time high. The supply of meat and its based products was weak amid the high demand from the consumer sector. The disruptions in the supply chain were due to the ripple effects of the ongoing Russia-Ukraine crisis and bird flu outbreak.

Analyst Insight

According to Procurement Resource, the prices of dried meat powder are expected to increase in the upcoming quarter. The producers are still suffering from low production levels and disruptions in supply chains while the demand from consumers is soaring globally.
 

Dried Meat Powder Price Trend For the First Half of 2022

According to the FAO Food Price Index, which measures the monthly change in international prices of a basket of food commodities, the meat prices inclined steeply during the first half of the said year. The meat index went from 112.1 in January to 125.9 in June 2022. Russia and Ukraine are the key players in the world commodity market; sanctions against Russia and supply shortages from Ukraine created a massive void in the global market.

The high feed and food prices decreased food affordability, impacting the food and nutrition security of the population. Corn is the top ingredient in the food used to feed cattle, and fluctuations in corn feed impacted bovine meat prices.

The biggest price hikes were in pork and beef meat, around 14% and 20%, respectively. These high meat prices directly impacted the price trend of dried meat powder, causing the prices to inflate globally. The high dried meat powder prices are a direct result of constrained supplies due to trade restrictions, labour shortages, and inflated costs of freight, feed, and grains amid a robust consumer demand.

Procurement Resource provides latest prices of Dried meat powder. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.