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Global Pork Quarterly Q4 2022: Producers Cautious as Global Uncertainties Rise
Demand uncertainties rise as consumers face mounting pressures. With inflation outpacing wage growth, lower real wages are expected to negatively impact protein consumption in Q4 2022 and 1H 2023.
Value-conscious consumers are already seeking out lower-value cuts, trading down from branded to private label alternatives at retail, and limiting foodservice purchases, adding further weakness to premium product markets. Holiday sales will test the market’s resilience and its ability to absorb premiums. Lower GDP growth expectations in 2023 will limit market needs, slow herd-rebuilding efforts, and impact...
NPB and Partners Receive $155 Million from USDA Climate-Smart Program
NPB is a collaborator on three separate grants awarded by USDA that support climate-smart pork production.
The National Pork Board (NPB) is the lead of one and a collaborator on two grants receiving $155 million in USDA Partnerships for Climate-Smart Commodities funding announced Sept. 14, 2022.
The three grants are part of the $2.8 billion awarded to 70 selected projects in the first round of funding for the program.
“Pork producers stand out as leaders in sustainability with the data aggregation tools they have..."
Analysis: Experts Discuss U.S. Pork Export Data and NPB Diversification Strategy
NPB hosted a webinar following the report release to help pork producers understand the publicly available information.
The National Pork Board hosted a webinar on February 11 where experts spoke on the 2021 year-end U.S. pork export data, NPB’s international marketing strategy and their estimates for 2022 forecasting.
On February 8, USDA released the year-end export data. In 2021, U.S. pork exports set a new value record topping $8 billion for the first time. Export volume was down 2% from the 2020 record...
Protein Markets Contend with More Than Just "Seasonal" Issues Heading Into Q4
ANALYSIS: Shell Egg Prices Crack New Record Highs Amid Strong Demand, Depleted Inventories
This Week in Retail: Seasonal Trends Start to Shift
Urner Barry Releases September Soy & Wheat Report
Urner Barry Releases September Pulse Protein Report