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World per capita consumption of meat stabilized in the late 1990s at about 99.2 lb. By 2000, the world has recovered from the currency crisis in Southeast Asia, the collapse of the Russian ruble, and the devaluation of the Brazilian real. The world is now poised for real growth of more than 4 percent in 2000 compared to 2 percent and 3 percent the two prior years. Growth should be maintained and prosperity enjoyed, although not equally, by many countries around the globe.

World per capita consumption of meat is expected to expand. More cows, hogs, broilers, turkeys, and sheep will be required. This means more feed, feed supplements, nutritional feed additives, medicated feed additives and pharmaceuticals. WEFA's latest analysis suggests that the areas of Eastern Europe and the Former Soviet Union will exhibit above average growth. Asia will maintain its dominance in cattle and swine. World inventories of cattle could expand by more than 5 percent during the next decade and hog inventories could expand by more than 8 percent. The rate of growth for broiler and turkey production is between 30 percent and 40 percent. Growth and production will vary by country and region of the world. AM

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