Monday, July 18, 2016

Rabobank says pork outlook bright

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.