RaboResearch: Global pork market: Producers remain cautious amid trade, disease & consumption uncertainties

Published Nov 6, 2024

Tridge summary

A recent RaboResearch report highlights that global pork producers are hesitant to expand due to trade, disease, and demand uncertainties, despite improved profitability. The global sow herd remained stable in Q3 2024, with only slight production growth expected in countries like Brazil, the US, and southern EU countries. Biosecurity concerns are rising due to disease risks, with outbreaks in South Korea, Russia, and the EU. While feed inventories are near record levels and production costs are lower in most regions, dry conditions in South America and Asia could increase feed costs. Pork consumption is on the rise due to better economic trends, but consumer confidence remains a concern.

Disclaimer: The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

According to a recent RaboResearch report, despite improved profitability, global pork producers are cautious on herd rebuilding due to ongoing trade, disease, and demand uncertainties. Logistical challenges and potential impacts from La Niña further complicate the market, while pork consumption shows a positive trend. The global sow herd remained steady through Q3 2024, with little sign of expansion despite improved profitability in some regions. “We expect a seasonal production increase as temperatures cool and fresh corn becomes available, though herd health challenges typically rise during this period,” says Christine McCracken, Senior Animal Protein Analyst for RaboResearch. Biosecurity remains a top priority due to ongoing disease risks. Disease outbreaks in South Korea, Russia, and the EU have led to production losses in 2H 2024, limiting herd rebuilding despite effective biosecurity measures. China’s moderating disease pressure should support a return to herd growth in ...

Source: UkrAgroConsult