FEEDSTUFFS PRECISION PORK Market Report – June 19

In addition to what’s ahead for the hog industry, Dave Bauer,
market analyst for Provimi, takes a look back over the past
couple of years. It has been a time when the world's largest
producer and consumer of pork lost over half of its swine herd to
a novel animal disease and when global trade flows were disrupted
as two of the world's largest economies battled for high ground
in a high stakes trade war. On top of it all came a global
pandemic, challenging normalcy in all aspects of our lives.


The fallout from just one of these events would be enough to
disrupt the global economy for months or even years, but we've
taken the impact from all of it full on. Bauer talks about why
and how we will come out on the other side stronger than we went
in.


As Bauer points out, although it's not easy to look past all the
negatives, there are positives happening. Like through all this,
China has increased its 2020 year-to-date combined imports of
U.S. pork muscle cuts and pork variety meats by 327% over last
year. The top 10 destinations for pork and pork variety meat
exports have increased by 44% over last year and total pork
exports to all destinations have increased by 38% in the first
six months of the year. This type of demand is testament that
North American pork remains the safest and highest quality in the
world.


Still, even with these great trade numbers, the industry has been
thrown into a tailspin and profitability. Bauer talks about why
that is and what can be expected in the days ahead.

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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