Maximum pig prices in 2019: Were 333 users' predictions correct?
In May 2019 we asked the users of 333 what they expected the maximum price to be in their country. Let's see who was right...
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In May 2019 we asked the users of 333 what they expected the maximum price to be in their country. Let's see who was right...
We believe that the price of pork in Spain won't drop until after summer.
In US, even with record China sales, production overwhelms the markets, a quite different situation than in Spain, where pig prices soar while packers make handsome profits on exports without being able to raise the prices for pork going into domestic and retail sales.
As we close an exceptional year in the pork industry, Spanish's analyst Guillem Burset analyzes the current situation and clues us in to how next year may be.
Overwhelming euphoria should not blind us or cloud our senses: What will happen when China returns to self-sufficiency?
The high baseline demand of China on the pork side, due to ASF, will hide how plant-based meats creep up on traditional meat product demand.
Production reaps an ample harvest of profits while processing continues to accumulate losses. China imports more and more...
The pig price in China has grown by 27.5% in 4 weeks from an already record price.
It is obvious that the current situation cannot last much, and that a correction will be needed soon: or our European competitors increase their prices or we reduce them.
Floods, African swine fever, tariffs war, heat waves, and some more issues... How will they affect the once-in-a-lifetime profit-palooza that many pork industry participants hoped for earlier?
A grand majority of countries expect maximum prices much higher than those recorded in the last three years.
We think that the price will remain where it is now. We don't exclude any rise: the “beep” of the electrocardiogram, but without a real projection.
The price of pork in Spain has risen 32% in twelve weeks. Increase in demand from China and the opening of a new slaughterhouse suggest further rises.
The rise in pork price is being so intense and important that the processing sector will have to make a superhuman effort and transfer the rises in price to the final product as soon as possible.
The current situation in China has many similarities to the old-time hog cycle liquidation phase.
Guillem Burset foresees a very profitable 2019, but not for all the actors in the Spanish pig sector.