According to the latest report from Rabobank, the global pork market is expected to see improvement that will carry over into 2014, although prices will remain under pressure. The pork industry will see limited supply growth, strong demand from China, lower feed costs as a result of bumper crops this year, and higher prices for other proteins which should lend a positive outlook for pork as well. Prices in the U.S. have rebounded due to seasonal demand and lower supplies, while prices in China have rebounded because of the H7N9 outbreak causing consumers to buy pork instead of chicken. It is still unanswered however whether these improvements will be enough to offset the losses sustained in the first half.
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