Lower feed costs contribute to pork industry profitability

Lower feed costs are among the reasons the global pork industry has returned to profitability, according to the latest global pork quarterly report from Rabobank.

“Higher global stocks of grains and oilseeds have reduced feed costs for most producers,” the report said. “Despite early season concerns, a good South American crop has added to the inventory – putting additional pressure on prices. Growing conditions remain top of mind as the Northern Hemisphere enters the 2024 planting season.”