Economist says pork industry opportunities could expand in 2025

An economist says there continues to be opportunities for the U.S. pork industry in 2025.

Erin Borror with the U.S. Meat Export Federation tells Brownfield…

“Europe’s production is at historically low levels and that’s expected to continue,” she says. “We see relatively flat production out of Canada and Brazil is growing, but really the US is leading this growth and overall global supplies are in check. They’re actually below what they’ve been in recent years.”

She says growing demand will continue to be important for the pork industry, and she says growth is driven by consumption.

“We contrast that with the situation in Asia, where it’s a mix, so there is consumption growth, but it’s also US retaking market share,” she says. “Production is more limited and thus their availability is down, prices are up and US is retaking share.”