13.
09.16
16:23

USDA expects low U.S. hog prices during the winter months

USDA: Development of the hog production and pork prices in the United States In the recent September issue to the development of agricultural markets, the U.S. Department of agriculture has (USDA) published new figures on the development of the US market for pork . On the basis of quarterly livestock censuses and messages to the numbers of battle, the battle of amounts for the coming quarters until the middle of the year were 2017 grossed. Therefore pork production to rise in the last two quarter years 2016 again by 1.95 and 2.6%, respectively compared to the same period last year. For the first two quarters 2017 growth quantities are calculated by 0.5% and 1.7%, respectively. As for the pork export only limited growth rates can be expected an essential part of the additional quantities of meat in Germany must be consumed. The per capita consumption should increase during this period by 0.5 kg per inhabitant. This is not simple in the consumption-poor winter time . Based closely on the forward rate on the Chicago Stock Exchange is assumed, that the current price level of annualized less than €1.20 / kg cannot be met in the next few months. The average of months Oct. Nov. Dec. 2016 predicted a US price levels in the amount of converted/1.08 €/ kg . The average price for the first 3 months in the new year 2017 it is estimated to €1,10 / kg. With the 2nd quarter from April 2017 starting should be again with the help of the barbecue season €1.26 / kg in the cut be achieved. Low prices are not cheap though, but it also indicates that the feed costs due to falling grain and protein feed prices have also fallen. Part of the reduction proceeds is started up again. The price development in the United States is not remain without consequences for the local pork prices. The United States are close behind the EU in Exporteuer last but not least be world's second-largest pork towards China In the competition for the markets the American throw your price advantage in the pan. If the EU wants to keep, will not get around come to price compromises. Given the high necessary for China's import needs the prices will in this country does not immediately fall into the cellar, but the currently high prices hardly be to keep. In contrast to the United States should in the EU that rather fall than rise battle volumes compared to the previous year. But there is uncertainty about the extent of this development.

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