RaboResearch In The News

May 2020

COVID-19 Creates Global Disruption to Animal Protein Chain

Senior Animal Protein Analyst Christine McCracken discusses the current supply chain challenges affecting Mexico and Canada’s pork industries, as well as the challenges that lie ahead for U.S. pork. “Fortunately, we're not the only market dealing with long-term challenges, but as we look at the cost structure, I think there are some big long-term questions to ask in terms of how U.S. pork is going to be positioned in the long run,” she says.

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U.S. Pork Exports to China Soar Amid Meat Shortage

On CNBC’s “The Exchange,” reporter Aditi Roy explains why pork exports to China are soaring, citing insights from Senior Animal Protein Analyst Christine McCracken. Pork prices had been depressed before the pandemic and that prompted China to start buying more pork, said McCracken. Now that pork prices are on the rise, McCracken expects to see reduced demand from China, which will help normalize prices over the next few weeks. 
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Avocado Outlook Strong, Rabobank Report Predicts

Rabobank’s David Magaña and Roland Fumasi say that U.S. per capita consumption of avocados has grown at a compound annual growth rate of 8% in the last decade and now tops 8 pounds per person per year. Despite increased volume this year and lost foodservice business because of Covid-19, they expect that avocado prices will remain steady through 2020 and into the first quarter of 2021.

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Beef Brings Dairy a Profit Boost

Senior Animal Protein Analyst Don Close explains how beef-on-dairy cross calves could benefit the beef industry. "These calves will create high-quality carcasses," he tells DTN Progressive Farmer, adding that 80% will grade Choice or better, 20% Prime. "It is a very desirable pool for both feeders and packers. There is exceptional uniformity, grading at or above average, and they will have the ability to easily source and age-verify these calves,” he says.

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Do Not Expect This Milk Price Rally to Last

The recent rally in milk prices can be attributed to an increase in demand from a number of factors, explains Dairy Analyst Ben Laine. “But we need to remember that as we go forward this isn't going to be sustained…It’s an immediate demand surge, but long-term we are going to be entering an economic recession. There's going to be slower worldwide demand so exports could suffer.”

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#RaboResearch Animal Protein Analyst Don Close spoke with Feedstuffs about the unique challenges facing the nation’s farmers, ranchers and cattle raisers and offering his insights into a path forward for producers and packers. Listen at the link below! https://t.co/735kOVlt3L

Rabo AgriFinance @RaboAg

As the rapid pace of planting has overtaken demand, almond prices will likely continue to fall. Analyst Roland Fumasi says underperforming orchards that don't meet consistent and profitable yields for their region should be retired soon, regardless of age. https://t.co/JEQdNflPd1

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