Pork Quarterly Q3 2020: More Uncertainties Ahead

Covid-19 brings many uncertainties to the global pork market. With various disruptions to the supply chain, Rabobank has revised down pork production for 2020 in major producing countries.

“Labor shortages, operational suspensions, soft demand, and channel shifting will force industry players to increase automation, adopt digitalization, improve plant working conditions, streamline processing, and integrate along the supply chain in order to optimize operations and secure margins,” according to Chenjun Pan – Senior Analyst, Animal Protein.

Global trading is challenged by even more uncertainties, due to rising geopolitical tensions, unsettled regional negotiations, and Covid-19. The Rabobank Five-Nation Hog Price Index has dropped in 2020 in response to these uncertainties. In China, imports are slowing down, Europe expects a lower production, and US prices are under pressure due to high hog inventories. Brazil, however, had higher exports in the first half of the year.

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2019

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2018

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  • Chenjun Pan

    Senior Analyst - Animal Protein
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  • Justin Sherrard

    Global Strategist - Animal Protein
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  • Matz Beuchel

    Data Analyst — Animal Protein
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  • Ben Santoso

    Senior Analyst - Animal Protein
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  • Christine McCracken

    Senior Analyst – Animal Protein
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  • Eva Gocsik

    Analyst - Animal Protein
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  • Wagner Yanaguizawa

    Analyst - Animal Protein
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  • Andrick Payen

    Analyst
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  • Angus Gidley-Baird

    Senior Analyst - Animal Protein
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  • Beyhan de Jong

    Analyst – Animal Protein
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  • Blake Holgate

    Analyst - Animal Protein, Sustainability
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  • Dennis Voznesenski

    Analyst - Grains & Oilseeds, Animal Protein
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  • Don Close

    Senior Analyst - Animal Protein
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  • Dustin Aherin

    Analyst - Animal Protein
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  • Gorjan Nikolik

    Senior Analyst - Seafood
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  • Nan-Dirk Mulder

    Senior Analyst - Animal Protein
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  • Shiva Mudgil

    Analyst - Dairy
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