Livestock industry forecasted to boom

Increased efficiency in production and an increase in demand for meat in developing countries may boost the livestock industry, a new study predicts.

The research, published in Journal Animal Frontier, cites a fall in ethanol prices and increased efficiency in feed production as causes for decreased costs for the industry.

This coincides with increased demand for meat in countries such as China and India, which have booming populations and a wealthy middle class.

“Due to consumer taste preferences, global growth in income and population, the livestock industry will grow, particularly toward poultry and pork,” says Farzad Taheripour, a research assistant professor of agricultural economics at Purdue University.

Read more at Purdue University