News

Global pork production returns to profitability

Published May 27, 2024

Tridge summary

Pork production in the global market is on the road to profitability, as reported by the International Meat and Livestock (IMIT) and supported by data from Rabobank. This recovery is attributed to a slowdown in the decline of the pig population and a move towards balance in supply and demand. The number of sows in major production areas is increasing, leading to anticipated limited pork supplies for at least the next six months. Factors contributing to this improvement include better animal health, reduced feed costs, and increased grain reserves. Additionally, pork remains a more affordable source of protein compared to beef, and its demand is expected to rise due to increased consumption of frozen pork and more home cooking.
Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Pork production in key countries in this market has begun to return to profitability. IMIT reports this with reference to data from Rabobank analysts. In particular, the pig population began to decline much more slowly as supply and demand for pork and live stock began to move toward balance. In particular, the number of sows is growing in the largest production regions. The breeding stock (including males), according to their forecasts, is expected no earlier than the end of this year or the beginning of next year. Thus, pork supplies will remain limited at least in the coming months, and in the worst case scenario in the next six months. Rabobank experts named improvement in animal health among major players such as the USA, Canada or China as one of the main factors for increasing production. This helps not only to stabilize production, but also to increase the availability of products. Another prerequisite was a reduction in feed costs, which made it possible to fully ...
Source: Rosng
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