U.S. pork exports may face some risks, but opportunities aboundU.S. pork exports may face some risks, but opportunities abound

Stuart says it appears China’s hog cycle has turned, but temper optimism.

Ann Hess, Content Producer

October 11, 2024

7 Slides
Woman looking at a meat case

Already have an account?

Getty Images

Pork may not be a good substitute for beef statistically but high retail beef prices due to inflation are not doing anything to harm U.S. pork purchases right now, says Brett Stuart, Global Agri-Trends

“That new inflation jumped these retail prices, 30% now for chicken and pork, 42% for beef, and again this is before the beef supplies got tight (those inflation rates compare current retail prices to the 2016-1029 average prices). We have a slight positive growth in beef supplies this year,” Stuart says. “Next year we'll have a big negative drop pushing those beef prices even potentially higher … you can see consumers do love meat. They are paying up significantly from what they paid in the past and we all know how the meat business works. None of this meat is getting thrown away.”

Read more about:

PorkSwinePigs

About the Author

Ann Hess

Content Producer, National Hog Farmer

Subscribe to Our Newsletters
National Hog Farmer is the source for hog production, management and market news

You May Also Like