Large Chinese import demand and stalling supplies will continue to support global pork prices throughout the third quarter of 2016, despite the current “wildcards” of Brexit and feed costs, according to Rabobank.
While warning that feed costs and the Brexit effect on currency exchange rates could “negatively impact” the projected upswing in global pork prices, Rabobank’s animal protein analyst, Albert Vernooij, said the forecast was for a further rise in the Rabobank five-nation hog price index in Q3, supporting margins across the globe. Read more