How serious is the possibility that US corn production could undergo a substantial reduction in the coming crop year?
As of today, with 2017 almost ended, the annual Spanish pig price (arithmetic, not weighted) mean is €1.26/kg LW.
Resist, resist and resist should be the motto for the first three months of 2018.
We come to the close of a year filled with happy surprises in the hog industry. 2018 will be a year of continued growth in income for most nations throughout the world. Higher incomes bring more demand for pork.
Our prices will still fall, with slight drops, but it will fall, until reaching a point in which all the pigs that can be slaughtered will be slaughtered. The bottom price cannot be very far away…
The sentence of the title is a quote from Sheryl Sandburg, COO Facebook. Contrary to all the headline grabbing scary stuff about dictators with missiles and itchy fingers, we appear to be entering a period of wide spread global economic recovery and potential prosperity that will drive big benefits to billions of people and some very special good news for pork producers worldwide.
Spanish pig prices will still fall, but the great question is: until where? The answer is not an easy one, but we tend to think that…