NASHVILLE, TENN. (RFD NEWS) — New research from Rabobank says the global pork industry is taking a cautious approach to growth. This year, researchers say producers are refocusing on productivity and cost control.
Production is expected to rise in the first half of the year, led by modest gains in the United States, Europe, China, and Brazil, before slowing in the second half due to herd reductions, especially in China and Spain.
Trade remains volatile amid shifting import policies and disease pressures, including African Swine Fever and Porcine Reproductive and Respiratory Syndrome (PRRS), keeping expansion plans in check.
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The latest Meat Demand Monitor shows strong retail demand for beef products like ribeye steaks and ground beef.
Analysts say poor crop conditions seen on the annual Hard Red Winter Wheat Tour, combined with cheaper overseas grain supplies, are weighing on the industry as the annual tour wraps up.
Egg production accounted for much of the increase.
Agri Stats would no longer be allowed to show participant lists, rankings, or “flags,” and it could only report individual company data in narrow situations.
