Dr. Steve Meyer, Paragon Economics, provided an update on the state of the meat and poultry markets. His main take away is that the demand continued to struggle late 2011.
The bad news is that these "annual" numbers for 2011 have been getting worse and worse as the year has progressed.
Steve reminds us that the indexes only describe how demand is changing, not why a change is occurring. He believes consumer incomes and spending was the major negative force in the domestic market in 2011.
Charts below from Paragon Economics, using USDA data.