RaboResearch In The News

November and December 2020

2021 Beef Outlook: New Challenges, New Opportunities

Senior Animal Protein Analyst Don Close looks ahead at the challenges and opportunities that the beef industry may face in 2021. COVID-19-related hurdles are likely to linger into 2021, he says, noting the potential of a second wave of backlogged cattle. Close says that dealing with COVID-19 disruptions will not be nearly as challenging as it was in 2020, now that packers have PPE equipment in place and have made changes to protect employees. Close adds that beef demand has stayed strong throughout the shift from foodservice to retail. He anticipates that once the pandemic ends, there will be a lot of pent-up demand that will drive a boom in restaurant eating and beef consumption again. 

Read the full story. 

 

2021 U.S. Pork Outlook: Volatility and a Little Optimism

Senior Animal Protein Analyst Christine McCracken shares her outlook on what’s to come for the pork industry in 2021 given the challenges it faced this year. McCracken discusses how overall, the pork industry is finishing Q4 on a high note due to the strong export demand from Germany, Japan, South Korea and China. Demand growth is expected to continue in 2021, yet McCracken cautions producers to remain vigilant in controlling costs and looking for opportunities to manage risk.

Read the full story. 

 

Global Protein Trade in 2021 Comes with Opportunity and Risk

Animal Protein Analyst Dustin Aherin shares his outlook on what’s to come for the animal protein industry in 2021. Protein consumption levels will depend heavily on the recovery of the foodservice industry, which could take as long as two years, Aherin says. With animal protein production expected to grow based on Rabobank’s Global Animal Protein Outlook, uncertainties around the COVID-19 recovery are likely to remain top-of-mind for producers in 2021.

Read the full story.

 

Avocados Are the 'Pandemic-Proof' Crop in Lockdown Health Craze

Animal Protein Analyst Dustin Aherin discusses the opportunities that come with Senior Analyst David Magaña discusses the increasing global demand for avocados as consumers become more health-conscious during the COVID-19 pandemic. According to Magaña, demand for Hass avocados, the most popular variety, is expected to grow at an annual rate of almost 5% through 2025.

Read the full story.

 

 

COVID-19's Lasting Impact

Senior Grains & Oilseeds Analyst Steve Nicholson examines how the COVID-19 pandemic will result in major, long-term changes in the global grain and oilseeds sector, including increased government intervention, changes in consumer behavior, increased food security concerns, declining biofuel demand, deglobalization of supply chains, increasing investment in digital supply chains, and a decline in global feed demand. Nicholson dives into each of these developments and notes how the volatility of changes in the grain and oilseed landscape will demand the industry’s imagination, flexibility, and openness to new market possibilities moving forward.

Read the full story.

 

Exports Could Be Headed for Choppy Water

Dairy Analyst Ben Laine shares his predictions for dairy trade in the coming year in a recent article he wrote for Farm Journal’s MILK. Laine explains how the disruption caused by COVID-19 pandemic resulted in an unexpected increase in dairy exports, as other countries sought to build up their inventories in anticipation of supply chain disruptions. Trade with Southeast Asia and Mexico helped make up for some of the slower domestic demand for dairy, however Laine does not expect such high export levels to carry over in 2021.

Read the full story.

 

Exports Could Be Headed for Choppy Water

Head of RaboResearch F&A North America Roland Fumasi explains how the challenges caused by the COVID-19 pandemic, including a rapid decline in foodservice demand, low labor availability, and disruptions in global trade, impacted growers and producers in the dairy, fresh fruit, and tree nut sectors. Despite ongoing challenges, most sectors are beginning to recover from early setbacks. Fumasi notes that the outlook for specialty crops like table grapes and pistachios remains positive, helped by strong retail demand. “I am much more optimistic now than I was in March or April,” he says.

Read the full story.


RaboResearch Podcast Series

Learn More

Media Contacts

Heather Stettner
Office: (308) 385-7968
Heather.Stettner@RaboAg.com

 

Tweets

Rabo AgriFinance @RaboAg

Join #RaboResearch Analyst Steve Nicholson during the virtual #PotatoBusinessSummit as he discusses the economic outlook for 2021. Start watching anytime after 7:00 a.m. PST on Tuesday, January 5 using this link: https://t.co/RSKWWfsCOg

Rabo AgriFinance @RaboAg

May the season be filled with warmth and cheerful celebration. We look forward to growing and engaging with you in 2021. https://t.co/dgTtuHaW5a

Follow Us

Contact Us

Agricultural Financing

Customer Service