Too much to sell, too few to buy ๐๐ธ
May 05, 2023๐ฅฉ As we look forward, what should we expect when it comes to the pork market? For starters, the biggest threat to the industry's profit is changes in demand – we'd been enjoying two decades of strong domestic and international demand, but that may not be the case as we move into the future.
๐ค In the past, when profits were challenged, the result was excessive supply to sell at profitable prices. So the key thing producers can do is keep expansion down while working to achieve new levels of cost-effective productivity (particularly considering that if inflation continues to press and significant unemployment sets in, pork will feel a very measurable reduction in total domestic demand).
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