November 7, 2019
The global pig herd is down 25% due to ASF, but pig producers remain “cautiously optimistic on the potential market demand for pork,” Rabobank said in its latest Pork Quarterly Q4 report. It noted that the allure of potential record-breaking exports has, thus far, been outdone by the risks. Uncertainty arising from issues like restrictive trade policies and inconsistent export demand discourages production expansion. However, Rabobank expects that a 5-10 mt global pork deficit in 2020 may give the industry enough economic incentive to increase production.