date:Jul 24, 2013
a in poultry resulted in a consumer move to pork. US pork prices also recovered due to an increase in seasonal demand and lower-than-expected supplies.
Longer term, Rabobank believes the Smithfield Foods Inc. buyout by Hong Kong-based Shuanghui International Holdings may trigger similar transactions in the future as importers look secure supplies of pork while facing a limited number of relevant countries, growing demand, grain deficits in Asia, and continuing volatility.