Rabobank says global pork markets will continue good through
the third quarter of this year, including the United States.
China is shopping for pork and hog production is levelling
off, according to Albert Vernooij, animal protein analyst for Rabobank.
“This will result in a further rise of the Rabobank
five-nation hog price index supporting margins across the globe,” he says.
“Wildcards are feed costs and the Brexit-induced changing
exchange rates, which could negatively impact the upswing, especially in the European
Union and the U.S.”
Others have expressed concerns that so many hogs are
due to come to market in North America this fall that the packing plants won’t
be able to handle them all.
