Countries look for pork sources as PEDV tightens supplies
A Rabobank report on third-quarter prospects for the global pork industry emphasizes the issue of sourcing for countries affected by porcine epidemic diarrhea virus (PEDV).
In those exporting countries affected by the virus, hog and pork prices will continue to break records in the remainder of the third quarter and into the fourth quarter.
"In the U.S., Mexico, Japan and South Korea — the countries that have been affected by PEDV — the key question will be, ‘Where to source pork?,’" said Rabobank analyst Albert Vernooij. "In those countries, the decline in supply, along with declining feed costs, are expected to push farmers’ profitability into record territories. In contrast, processors’ margins will be pressured due to...
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