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.
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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.”
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