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.
Related Stories
In a final rule published in the Federal Register, the Department states that it will no longer base wage rates on the Farm Labor Survey.
USDA’s report shows wheat strength overall, with winter wheat yields setting records, while spring wheat and rye saw declines. Oats and barley remain constrained by record-low acreage despite stable or rising yields.
Bigger-than-expected corn and wheat stocks are bearish for prices, while soybean figures were neutral. Farmers may face additional price pressure as harvest accelerates.
The U.S. pork industry is staying vigilant in keeping its supply safe from foreign animal diseases like African Swine Fever.
With China’s pullback, U.S. sorghum producers must broaden their export markets. Building connections now could help stabilize prices and demand for the upcoming larger crop.
