Farms.com Home   Ag Industry News

World pork market shows little upside: Rabobank

Some improvements may come in Q2

By Diego Flammini
Assistant Editor, North American Content
Farms.com

The global pork market will remain weak through the first quarter of 2016, according to a new report from Rabobank.
 
Rabobank's Food & Agribusiness Research diviison does predict some improvement in Q2, it suggests that growth will be mostly seasonal.
 
"Sufficient supply and modest demand development mean the five-nation hog price index will bottom out in the coming months, at the lowest point since 2016," according to the Jan. 28 quarterly report.
 
The report explains that in the U.S., industry expansion should slow after near-record supply growth in 2015, while packers' margins will remain strong due to limited available capacity.
 
"Exports are expected to pick up, supported by low prices, COOL repeal and relisting of plants for export to China."

Trending Video

Soil Compaction Is Robbing Our Hay Yield—Here’s the Fix

Video: Soil Compaction Is Robbing Our Hay Yield—Here’s the Fix

We are a high volume , heavy traffic hay operation. A typical field might see the mowers 3 times a year, tedders 6-8 times a year, balers, rakes, semis, sprayers and tons of other equipment. We have increased our focus on stand longevity and part of this is reducing compaction without ripping out existing acres. The Ranchworx pasture aerator is exactly the tool for this and we are excited to add it to our arsenal.