Forecast of world pork prices falling

Published 2021년 11월 1일

Tridge summary

US pork prices continue to fall, reaching their lowest level since February 2021, with experts predicting further decreases. Despite this, US pork exports are on the rise, reaching a forecasted surplus of 29,500 tons in 2021, an increase of 41% from last week's forecast. However, meat prices in US supermarkets are expected to rise, with poultry and fish projected to increase by 4.5-5.5%, and meat and poultry by 5.5-6.5%. In contrast, China is experiencing a decrease in pork prices due to increased supply and declining demand.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In October 2021, the price of pork futures fell by more than 13 USD / quintal, the first sign that pork prices in the US may have bottomed. US pork futures price chart December 2021 Pork prices in the US continue to fall, the latest CME price is at $ 81.67 - the lowest level since the end of February 2021. The price is forecast to fall further, as the December contract on the CME exchange is down by nearly $10, with just over six weeks left until the December 2021 contract expires. Forecast for the US wholesale deli market for the next six weeks. Experts say ham prices are unlikely to recover before Christmas or will stay low this year, although stocks have fallen from the 10-year average. If the price of salt pork increases, it may support the price of pork in general. It is predicted that in the next week, the price of lean pigs for delivery in December 2021 will be at 70-75 USD and tend to move sideways. US pork exports increase According to the USDA forecast on October ...
Source: Vinanet

Would you like more in-depth insights?

Gain access to detailed market analysis tailored to your business needs.
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.