Source: Chris Scott, MEATINGPLACE, 7/23/15


The supply/demand balance for the global pork industry has fueled a strong recovery in the United States, Canada and China, according to the Rabobank Pork Quarterly report.

The financial services company said the question is whether the second-quarter margin recovery in U.S. pork markets will continue as the strong supply rebound is expected to be absorbed by growth in pork exports to China. Pork imports in China are expected to expand in the second half of 2015 and into next year, but Rabobank Group analysts are unsure as to the timing of when that push will begin and how much volume growth will result from such efforts.

Rabobank also sees “ample opportunities” for the European Union pork market to come back after pork margins fell in the second quarter. Europe and Japan both saw pork prices drop in the period.

The outlook for Mexico and South Korea should see support for high prices and strong import demand in light of continuing disease outbreaks in those areas, Rabobank reported.

For more stories, go to www.meatingplace.com.