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Economist Steve Meyer discussed the 2023 pork outlook at the Ohio Pork Congress, forecasting 3% to 5% export growth led by Japan, South Korea and Latin America. He noted domestic demand remains strong but is slipping from record levels, and that production costs have shifted to a higher permanent level.
Prop 12 remains pending before the Supreme Court.
Export growth and resilient domestic demand support hog prices, while higher production costs and a possible Prop 12 ruling could alter supply economics.
porkbusiness.comJennifer ShikeFeb 24, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
