Can Animal Protein Sector Boost Ag Equipment Sales?

U.S. animal protein supply growth had been expected to slow in 2019. But, the impact of weather this year could mean growth in 2019 will match the 2.5% growth in supply seen in 2018, according to CoBank’s special report, Quarterly U.S. Rural Economic Review (Oct. 1). 

If U.S. exports of hogs and beef expand, as expected, the ag equipment segment most likely to benefit are utility tractors in 40-60 horsepower range, as well as hay…

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