Source: Jennifer Shike, Farm Journal’s Pork, 13 July 2020, photo credit: bilaterals.org/Business World
Before April, few could imagine a supply chain shock where U.S. pork production could fall by nearly half yet climb back to above prior-year levels a couple months later, says Will Sawyer, lead economist, animal protein, with CoBank’s Knowledge Exchange.
Pork production in the last week of the quarter was up more than 10% above the same week a year ago, Sawyer writes in CoBank’s latest quarterly report, as the industry works through the backlog of hogs.
Nearly 3 million pigs that were supposed to come to market in the second quarter did not, as plants trimmed capacity amid shutdowns and slowdowns related to the pandemic, the report says.
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The South African Pork Producers’ Organisation (SAPPO) coordinates industry interventions and collaboratively manages risks in the value chain to enable the sustainability and profitability of pork producers in South Africa.
