Ahdb Cereals & Oilseeds

In this episode, we hear from two of our market analysts about the impact of coronavirus on pork markets, both in the UK and around the world. Demand Pork demand has fared better than some of the other proteins, with an uplift in supermarket sales compensating in some way for the loss in the foodservice market. However, fresh pork sales have dropped in more recent weeks and we are beginning to see a build-up in stocks of shoulder and belly, much of which would usually go into foodservice. Global prices There has been a fall in hog futures and farm gate prices in the US, and the loss of foodservice has had a much bigger impact on the US market than it has in the UK. A number of major US processing plants have also closed, which is putting pressure on their market. Despite these issues, there doesn’t seem to be a shortage in pork, so when the processors and foodservice markets re-open, there could be an oversupply. This will probably result in competition for the Chinese market.   UK and EU proce