Thursday, July 28, 2022

Rabobank optimistic about pork

Rabobank’s global outlook for pork is generally optimistic.

It says global trade will pick up after China’s imports “have increased greatly in the past month” and are expected to remain strong.

Producers are getting some relief from soaring feed and energy costs.

African Swine Fever continues to spread in Asia and Europe.

The United States sow herd has declined by eight-tenths of one per cent from a year ago.    

Consumer demand is “resilient” because beef and poultry prices are high.

It says things to watch for are currency fluctuations, diseases including African Swine Fever, consumer purchasing of pork, COVID-19, grain harvests in Europe, China and the United States and geopolitics.