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Rabobank: Supply Slide Saves Grounded Demand

Agricultural commodities were heavily impacted by trade wars, African swine fever, and erratic weather in 2019. According to the RaboResearch report "Outlook 2020: Supply Slide Saves Grounded Demand," many of these factors will remain key for agri commodity prices in 2020.

In 2019, agri commodity markets were impacted by several unprecedented incidents and uncommonly severe conditions. China's hog herd declined significantly, as a result of African swine fever (ASF). This drastically weakened demand for feed and, combined with the US-China trade war, resulted in a significant slowdown in the global soybean trade.

Meanwhile, record US corn- and soybean-planting delays drove corn prices from three-year lows to six-year highs within a few weeks. Then, improved...

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Nov 20 9:26 AM, General News



China’s Recovery from African Swine Fever: Rebuilding, Relocating, and Restructuring

African swine fever (ASF) has already caused huge herd losses and led to soaring pork prices in China in 2019. We believe the disease will continue to spread in the country in the coming years. However, we expect the pace of herd loss to slow down, due to industry participants’ reactions and policy changes. Restocking will likely take around five years, but hog herd levels may find it difficult to recover to pre-ASF levels.

“In addition to the direct impact on the hog herd, ASF will reshape the development of China’s hog supply chain in the coming years,” according to Chenjun Pan, Senior Analyst – Animal Protein at Rabobank. “During the rebuilding process...

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Nov 11 8:55 AM, General News


National Pork Board Study Defines China’s Growing Need For Protein

A new report from the National Pork Board digs into the growing short- and long-term protein needs facing China and how U.S. pork can position itself to meet that demand. The new report, Pork 2040: China Market Assessment, also reveals the impact that African swine fever (ASF) is having on both China’s short- and long-term protein needs and how the Chinese pork industry and supply chain will change as a result.

The research study was conducted by Gira, a global research firm, using Pork Checkoff dollars and funds from the U.S. Department of Agriculture Foreign Agricultural Services Emerging Markets Program (EMP). It outlines critical insights that exporters of U.S. pork can use now to position themselves for long-term success in the...

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Nov 7 8:21 AM, General News


Pork Quarterly Q4 2019 – Producers Remain Cautious on Expansion as Risks Outweigh Rewards

Global pork prices continue to rise, as protein shortfalls intensify competition for a shrinking supply, according to Rabobank’s Pork Quarterly Q4 2019.

Pork prices have hit record highs in some regions, while trade barriers continue to limit the upside in the US and Canada. prices will continue to increase through Q4 2019 and into 2020, as markets work to balance supply and demand. “Despite rising economic incentives, we expect a limited global production response, as environmental and regulatory constraints, along with the threat of African swine fever (ASF), constrain the industry’s ability to expand,” according to...

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Nov 5 8:21 AM, General News


Tyson to Help Meet Growing Demand for U.S. Pork by Prohibiting Ractopamine Use

In an effort to meet growing global demand for U.S. pork, Tyson Fresh Meats , the beef and pork subsidiary of Tyson Foods, Inc., today announced plans to prohibit the use of ractopamine in the market hogs it buys from farmers beginning in February 2020 .

Ractopamine is a feed ingredient that helps increase the amount of lean meat in hogs. While it is FDA-approved and considered safe for use, some countries such as China prohibit the import of pork from hogs that have been given the product.

Tyson Fresh Meats has been offering a limited amount of ractopamine-free pork to export customers by working with farmers who raise hogs without it, and...

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Oct 17 12:13 PM, General News


Rabobank: A Global Update on African Swine Fever 

While African swine fever continues to devastate pig herds and production in China, the focus is now shifting to other parts of Asia, given recent outbreaks in the Philippines, South Korea, and Timor-Leste, according to the latest African Swine Fever Global Update by RaboResearch.

The spread of ASF in Asia, outside of China, has captured attention

“The impacts of African swine fever (ASF) across Asia are likely to be just as challenging as they have been in China, and we expect to see herd and production losses growing as we move into 2020,” says Justin Sherrard, Global Strategist - Animal Protein. “At the same time, price levels in China – for pigs and pork, as well as for other proteins – keep climbing, and...

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Oct 2 11:04 AM, General News


Agriculture Groups Urge USDA to Quickly Establish Foot-and-Mouth Disease Vaccine Bank

Representatives of the National Pork Producers Council, the National Milk Producers Federation, the National Corn Growers Association and Iowa State University today called on the U.S. Department of Agriculture (USDA) to move as quickly as possible to establish a Foot-and-Mouth Disease (FMD) vaccine bank.

At a press conference today, these groups recognized the steps USDA has taken to establish the bank, but called for expedient use of mandatory funding included in the 2018 Farm Bill to purchase the volume of vaccines required to effectively contain and eradicate an FMD outbreak. Currently, the USDA, which has prescribed vaccination for dealing with an FMD outbreak, does not have access to...

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Oct 2 8:14 AM, General News


Rabobank: Outside Influences on the Grains & Oilseeds Industry

African Swine Fever Update: Impact on Feed

Chinese pork production in 2019 is expected to decline 25%, with a further 10% drop in 2020. The forecast is for the hog herd to be down by 50% by the end of 2019, before stabilizing somewhat in 2020. Other meat and seafood production and consumption will rise. Pork imports into China are already on the rise, with Spain, Germany, and Canada the key suppliers so far this year. However, we see the potential of non-EU countries gaining higher shares in 2020, as EU production doesn’t seem to be responding strongly enough to meet expected Chinese demand.

Impact on G&O: We are maintaining our projections for China’s feed use and soybean imports from last month. In 2019, the year-on-year drop of China’s hog feed is projected at 35%, with a 5% rebound in 2020. Poultry feed will rise significantly in 2019 and 2020, while aquafeed will only rise by about 5%, with other feed also only growing marginally. Still, total feed in 2019 is seen down...

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Sep 4 8:14 AM, General News


U.S. Pork Industry Receives USDA Grant to Open ASF Dialogue in Asia 

The global outbreak of African swine fever (ASF), a disease affecting only pigs with no human health or food safety risks, is growing, with new cases appearing throughout Southeast Asia and China. While there are no reported cases of ASF in the U.S., a grant recently awarded to the Swine Health Information Center (SHIC), with active support from the National Pork Producers Council (NPPC), aims to start a dialogue between the two regions, sharing veterinary knowledge and ways to prevent the disease from further spreading.

The approximately $1.7 million grant from the U.S. Department of Agriculture’s Foreign Animal Service division will fund the multi-phase project, helping to build strategic partnerships, while increasing trade of U.S. pork to the region. The work will include swine health field projects, including...

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Sep 3 9:55 AM, General News


Canada, Mexico and U.S. Plan North American Strategy for African Swine Fever Prevention

Today, the Chief Veterinary Officer (CVO) for the United States, Dr. Burke Healey, along with the CVO for Canada, Dr. Jaspinder Komal, and the CVO for Mexico, Dr. Juan Gay Gutierrez, issued the following statement about the 18th North American Animal Health Committee Meeting (NAAHC).

“The NAAHC meets annually to review and plan our countries’ coordinated activities around animal health, which includes our prevention and preparedness efforts for animal health diseases such as avian influenza and foot-and-mouth disease.

This year, we dedicated a special session to discussing African swine fever (ASF), the actions we are taking to prevent its spread to North America, and how to...

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Aug 29 8:17 AM, General News




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