Trade4go Summary
Rabobank's analysis for June 2024 predicts an increase in pork supply and a decrease in prices due to favorable conditions for growth, lower feed costs, and good health. Pig slaughter has risen by 2.9% year-on-year, driven by higher pig availability and increased sow slaughter. The number of piglets born between December and February has also increased by 2%, suggesting a steady supply of pigs in the near future. Despite seasonal lows, pig marketing prices remain stable compared to the previous year at 88 dollars per hundred pesos. However, the report raises concerns about potential supply issues in the fourth quarter of 2024.
Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.
Original content
The ideal climate for growth, lower feed costs and good health have combined to increase pork supply and lower prices in recent weeks, according to Rabobank's June 2024 analysis. . Pig slaughter increased by 2.9% year-on-year, due to greater pig availability and greater sow slaughter. It is likely that the supply of pigs will remain high in the coming weeks, given the 2% year-on-year increase in piglets born between December and February. Weights are also stable (+1% year-on-year) and show no signs of seasonal decline due to warmer weather. The combined conditions kept hog production above expectations, weighing on packers' demand for hogs. Pig marketing prices remain seasonally ...
