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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...
NPPC Latest Capital Update
Letter of Opposition for a Section 301 Investigation on Imports From Mexico
What happened? On Oct. 5, over 20 agricultural and industry associations, including National Pork Producers Council (NPPC), signed a letter urging USTR to reject the petition sent by a group of members of Congress to the Office of the U.S. Trade Representative (USTR) requesting a Section 301 investigation on fresh produce imports from Mexico.
What does this mean? Mexico is the largest value and volume market for U.S. pork. A Section 301 investigation would undermine the relationship with one of our largest agricultural trading...
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