Rabobank Global Pork Quarterly Q1: Little Room For Upside
The global pork market will remain weak in Q1 2016, followed by some-partly seasonal-improvement leading into Q2. Sufficient supply and modest demand development mean the Rabobank five-nation hog price index will bottom out in the coming months, at the lowest point since 2006, after a stronger-than-expected drop at the end of 2015, according to the Rabobank Global Pork Quarterly Q1 report. "Recent positive demand and price developments in importing countries will start to support prices in exporting countries during Q1", says Albert Vernooij, analyst Animal Protein at Rabobank. …