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
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
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