Rabobank Podcast examines the pork Industry
Rabobank has produced a new podcast in which Animal Protein Analyst and Executive Director for Rabobank’s Food & Agribusiness Research and Advisory group, Fiona Boal, examines why after three years of profitability, producers have been seeing red for the past nine months.
Boal says pork producers are in the middle of a “perfect storm.” The industry has an excess supply of hogs, record feed prices and there are some concerns that US demand is slipping.
With the average producer losing as much as $50 per head in early 2008, exports have kept the US industry from falling even further into the red. In fact, in the first five months of 2008, US pork exports (excluding variety meats) were 60 percent higher than 2007 levels. US pork exports could surpass $4 billion for the year.
The full podcast can be accessed online.
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Rabobank Podcast
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