An ag economist says high costs and demand uncertainty are likely to limit pork production expansion into 2023.
But, Christine McCracken, senior analyst for animal protein with Rabobank, tells Brownfield consumer demand has helped the sector this year.
“It’s retail demand that’s been the driver here and it’s been strong all year,” she says. “We think that’s tailing off some, that’s part of our cautiousness as we look forward.”
McCracken says demand from Mexico and highly pathogenic avian influenza outbreaks limiting poultry supplies have also been supportive.
Rabobank exports pork producers to remain cautious on expansions