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University of Missouri economist Scott Brown expects a relatively sideways 2023 for pork, with a struggle to start the year reflected in longer-dated futures. He is optimistic about export demand but flags China as a key wildcard.
He also notes a possible PRRS outbreak could change the outlook.
Flat expected pork production and uncertain export demand suggest limited upside for hog prices and feed demand, with disease and China trade as swing risks.
porkbusiness.comPaige CarlsonFeb 13, 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.
