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Rabobank-style Global Pork Quarterly for Q2 2022 projects slower production growth and a decline in global pork trade in 2022. It cites feed costs up about 20% year on year due to a disappointing South American crop and Black Sea export uncertainty, with weak demand in China.
Higher feed costs and weaker import demand pressure producer margins and point to softer pork prices, while tight feed supply supports protein meal values.
swineweb.comJim EadieApr 14, 2022After 159 past bearish report events, Lean Hogs moved a median -0.2% over 5 sessions (47% higher; middle half -2.2% to +1.3%), and +1.0% over 20.
After 414 past bullish report events, Soybean Meal moved a median -0.1% over 5 sessions (48% higher; middle half -2.1% to +2.3%), and +0.3% over 20.
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.
