# CoBank’s 2022 Outlook: Lean supplies, strong demand bolster prices despite export unknowns | The Bullvine

> CoBank analyst Brian Earnest expects consumer-level meat inflation to continue into 2022, with the CPI for meats, poultry, fish and eggs up 12% year over year in October. He expects tighter cattle supplies, broiler breeder problems and sow herd reductions to support processor margins through at least the first half of 2022. He also expects per capita US meat consumption to edge lower through 2023.

- Date: 2021-12-16 · published 2021-12-16T12:00:00.000Z
- Category: market · region US · magnitude low
- Page: https://feedsoft.ai/events/43767-cobank-s-2022-outlook-lean-supplies-strong-demand-bolster-prices-despite-export
- Commodities: [Live Cattle](https://feedsoft.ai/c/LCATTLE.md), [Lean Hogs](https://feedsoft.ai/c/HOGS.md)

## Why it matters

Tighter cattle and hog supplies should keep animal prices firm, while packers compete for fed cattle. Expected lower consumption could limit how far retail demand supports prices.

## Read by commodity

- HOGS: bullish ▲
- LCATTLE: bullish ▲

## Sources

- thebullvine.com: https://www.thebullvine.com/news/cobanks-2022-outlook-lean-supplies-strong-demand-bolster-prices-despite-export-unknowns/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.