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Rabobank: Pork Quarterly Q4 2020: Export Concentration a Potential Long-Term Risk

Global pork demand rebounded following Covid-19 disruption in most geographies, yet supply remains constrained in many Asian markets. This imbalance continues to support strong export demand from the rest of the world, resulting in sharply higher pork values.

Globally, processors’ ability to respond also remains constrained by labor availability, which limits packer capacity and efficiency. In Europe, new African swine fever (ASF) outbreaks add further limitations. “Hog producers face a challenging outlook, given rising feed costs, weaker economic trends, and slower export growth as China...

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Oct 27 8:25 AM, General News



WH Group Announces 2020 Interim Results 

WH Group Limited announced the unaudited consolidated interim results of the Company and its subsidiaries for the six months ended June 30, 2020.

Highlights

• Revenue increased by 12.2% to US$12,481 million
• Operating profit increased by 20.9% to US$925 million
• Profit attributable to owners of the Company, before biological fair value
adjustments, increased by...

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Aug 12 8:51 AM, General News


ANALYSIS: Estimated Pork Packer Margins vs The Pork Cutout

Estimated pork packer margins for standard operations, or outside purchasers of hogs, reached record highs in May, following the difficult period when COVID-19 resulted in...

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Jul 27 8:16 AM, Urner Barry


NPPC: Hog Farmers Urgently Need Congressional Action to Weather Crisis 

U.S. hog farmers continue to face an unprecedented emergency as a result of COVID-related challenges, with an estimated two million hogs still backed-up on farms according to an analysis by Dr. Steve Meyer, an economist with Kerns & Associates. At a press briefing, the National Pork Producers Council (NPPC) described the damage exacted on hog farmers and urged Congress to act swiftly to preserve their livelihoods.

Dr. Meyer said U.S. hog farmers face massive losses due to multiple COVID-19 crisis-related factors, which have turned profit potential for 2020 from robust to disastrous. According to his analysis, based on lean hog futures prices on March 1 and July 10 and actual hog prices in the interim, potential 2020 revenue from hog sales has been reduced by roughly $4.7 billion. Other losses associated with...

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Jul 21 8:30 AM, General News


ANALYSIS: Pork 2020 Comparison

The first half of 2020 was highly volatile in the pork market due to a myriad of factors. While cases of ASF continued to be reported across several...

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Jul 16 8:23 AM, Urner Barry




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