Pork, beef outlook still impacted by Chinese in 2021
"China will be the primary driver of livestock markets throughout the year ahead"
By: Ron Walter, Moose Jaw Today (Canada)
Feb 21, 2021
The impact of African Swine Fever and China’s rebuilding of the swine fever decimated hog herd will influence pork markets in 2021, says a Farm Credit Canada (FCC) economist.
“Having already re-built much of their hog herd and looking to complete its recovery China will be the primary driver of livestock markets throughout the year ahead,” said Martha Roberts in an FCC market outlook report.
China’s pork production fell 30 per cent to 38 million metric tonnes due to African Swine Fever, according to the United States Department of Agriculture. That production is expected to recover to 43.5 million metric tonnes this year...