FEEDSTUFFS PRECISION PORK Market Report – November 13

It seems we've learned just how little we know about the dynamics
of what a global pandemic can do to our society and the supply
chains that feed us and our world. As Dave Bauer, senior market
analyst for Provimi points out in this episode of Feedstuffs
Precision Pork, a recent series of interviews with five hog
industry economists suggested optimism heading into 2021, but
also they all asked the question of whether we, as an industry,
learned enough about what happens when we can't process and
distribute what we produce? Put another way, said Bauer, will
producers realize increasing supply is not the answer to what's
ahead in the next couple of years. As China regains its ability
to supply its own pork as it did before African swine fever, it
will need to import less pork. Today, some 25 to 30% of our pork
exports go to China.


On the topic of forward profitability, Bauer is more concerned
about what 2021 brings in the way of stronger feed costs and what
that does to forward profitability than pork demand. What’s
possibly ahead? Take a listen.


These are uncertain times and it will pay dividends to be
well-prepared. If you have questions on this week’s recap or want
to discuss something not covered, feel free to ASK DAVE
at David_Bauer@cargill.com. Plan today for
tomorrow’s success.


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