{"id":648,"date":"2017-11-02T09:08:35","date_gmt":"2017-11-02T12:08:35","guid":{"rendered":"https:\/\/www.asprocer.cl\/en\/?p=648"},"modified":"2017-11-02T09:08:35","modified_gmt":"2017-11-02T12:08:35","slug":"pork-quarterly-q4-2017-steady-growth-production-brings-trade-sharper-focus","status":"publish","type":"post","link":"https:\/\/www.asprocer.cl\/en\/pork-quarterly-q4-2017-steady-growth-production-brings-trade-sharper-focus\/","title":{"rendered":"Pork Quarterly Q4 2017: Steady Growth in Production Brings Trade into Sharper Focus"},"content":{"rendered":"<p style=\"text-align: justify;\"><span style=\"color: #003366;\"><em>Pork bellies have reached record levels in the US and some other markets, driven by strong demand, especially from foodservice <\/em><\/span><\/p>\n<p style=\"text-align: justify;\">Looking into Q4 2017, global pork supply is expected to increase further, mainly driven by China, the US, Canada, and Brazil. While China\u2019s pork imports have slowed down recently, they are likely to pick up again later this year, according to RaboResearch\u2019s latest global Pork Quarterly.<\/p>\n<p style=\"text-align: justify;\">\u201cThe most significant story in global pork markets has been the substantial decline in China\u2019s imports in recent months, which creates a risk of over-supplied global markets,\u201d says Chenjun Pan, RaboResearch Senior Analyst \u2013 Animal Protein. \u201cHowever, we do expect China\u2019s imports to pick up somewhat over the rest of the year.\u201d While the Rabobank Five-Nation Hog Price Index suggests a stronger pricing trend, the major importing countries will likely maintain steady import growth.<\/p>\n<p style=\"text-align: justify;\">China\u2019s pork farming structure has been impacted by stricter environmental policy enforcement. Despite the exit of many small farms, we maintain our forecast for 2017, with production increasing by 2%. Prices will continue the downward trend, after holding at strong levels in summer. Pork imports were down by 27% in the first eight months, but may rebound over Q4 2017.<\/p>\n<p style=\"text-align: justify;\">China\u2019s import demand has been one area of distortion in global pork markets over the past one to two years, and a diversion in prices for certain cuts has been another. \u201cPork bellies have reached record levels in the US and some other markets, driven by strong demand, especially from foodservice,\u201d says Justin Sherrard, RaboResearch Global Strategist \u2013 Animal Protein.<\/p>\n<p style=\"text-align: justify;\">Other highlights from the Pork Quarterly Q4 2017 include:<\/p>\n<p style=\"text-align: justify;\"><strong>EU: exports continue to decline<\/strong><\/p>\n<p style=\"text-align: justify;\">While high prices in 1H 2017 contributed to declining exports as they reduced the EU\u2019s competitiveness in trade flows, they also triggered an expansion in the sow herd. The slight dip in production in 2017 is likely to reverse in 2018. The EU will seek export opportunities for additional production.<\/p>\n<p style=\"text-align: justify;\"><strong>US: prices under pressure as production grows<\/strong><\/p>\n<p style=\"text-align: justify;\">US pork production will continue to expand over the remainder of the year. Prices are expected to soften under supply pressure. Strong currencies will put extra pressure on the export business. With weaker demand from China offset by stronger demand from Mexico, we still expect total exports for 2017 to be higher than in 2016.<\/p>\n<p style=\"text-align: justify;\"><strong>Brazil: export to China declined significantly<\/strong><\/p>\n<p style=\"text-align: justify;\">Brazilian pork exports increased around 18% by value in the first nine months of the year. By volume, they declined around 4%, particularly due to the slowdown in Chinese pork imports. Given favorable feed costs, we expect Brazilian production to continue rising in Q4 2017.<\/p>\n<p style=\"text-align: justify;\">Source: Rabobank<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pork bellies have reached record levels in the US and some other markets, driven by strong demand, especially from foodservice Looking into Q4 2017, global pork supply is expected to increase further, mainly driven by China, the US, Canada, and Brazil. While China\u2019s pork imports have slowed down recently, they are likely to pick up [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-648","post","type-post","status-publish","format-standard","hentry","category-sin-categoria"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Pork Quarterly Q4 2017: Steady Growth in Production Brings Trade into Sharper Focus - ASPROCER<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.asprocer.cl\/en\/pork-quarterly-q4-2017-steady-growth-production-brings-trade-sharper-focus\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Pork Quarterly Q4 2017: Steady Growth in Production Brings Trade into Sharper Focus - ASPROCER\" \/>\n<meta property=\"og:description\" content=\"Pork bellies have reached record levels in the US and some other markets, driven by strong demand, especially from foodservice Looking into Q4 2017, global pork supply is expected to increase further, mainly driven by China, the US, Canada, and Brazil. 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