
(NAFB.com) – A new RaboResearch report says pork prices have rebounded and remain strong despite shifting trade flows and growing economic and consumer uncertainties. Rising geopolitical tensions have had a limited impact on global pork markets, but they are likely to redirect global trade volumes in the coming months. Despite the agreement between the U.S. and China to reduce tariffs for 90 days, the added tariffs on U.S. pork could still curtail trade. “Given the uncertainty surrounding future U.S. trade policy, investment in U.S. pork sector expansion is expected to slow, while other regions may see slightly faster growth,” said Christine McCracken, senior analyst of animal protein at RaboResearch. Pork prices have rebounded, driven by tighter hog supplies due to limited growth in the sow herd and ongoing health and productivity challenges. “We expect limited demand improvement for the rest of the year,” McCracken said. “Higher beef and poultry prices may offer some support.”