Meat consumption is declining at great rates and with a new USDA dietary guideline around the corner, the ‘death of meat’ could be impending so investors are adjusting their portfolio accordingly.
According to the online investing guide Street Authority, people holding stock in meat producers should beware and consider how the rising number of vegetarians could impact their finances.
“Doctors have been warning about greater cancer and other health risks from eating too much red meat for quite some time, and people finally got the message and have started cutting back,” reads the editorial published at the end of January. “The downward consumption trend could soon accelerate, with major negative implications for the meat industry.”
The Department of Agriculture reports that current meat consumption is 101 pounds, a 15 percent decrease in the last ten years and two thirds of what it once was in the 1970s.
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