Although soybean oil and meal consumption are rising significantly in developing countries, the United States is unlikely to capture much of the market expansion because of competition from Argentina and Brazil, Mohanty said. The United States is projected to capture 10 percent of the 10 million metric ton increase in demand. Excess pork supplies have kept hog prices low, allowing U.S. exporters to post an 18 percent increase in shipments, despite a downturn in Asian demand. U.S. exports of beef and poultry are expected to decline slightly this year, but broad-based growth in meat trade is projected to coincide with the recovery of most Asian economies in 2000. Likewise, low production costs and competitive prices make it possible for the United States to capture virtually all the projected growth in the international broiler market after 2000.
Cheese demand dominates the U.S. dairy sector in the coming decade.
U.S. non-fat dry milk prices will drop 12.5 percent after federal support prices are removed, yet prices will remain well above international levels, limiting unsubsidized U.S. dairy exports. Its core centers are at Iowa State and the University of Missouri.