Rabobank report: PEDv will cause significant 2-year shortfall In North American hog market
Rabobank has published a new report on the impact of the Porcine Epidemic Diarrhea Virus (PEDv) on the North American herd, forecasting significant impacts on production and slaughter through 2015, and identifying the opportunity for U.S. poultry to step into the market gap.
In the report, published by the bank's Food & Agribusiness Research and Advisory team, Rabobank says that PEDv thus far has impacted about 60% of the U.S. breeding herd, 28% of the Mexican herd, and is beginning to develop in Canada. If PEDv spreads in Canada and Mexico at the pace seen in the U.S., Rabobank says that North American hog slaughter could decline by nearly 18.5 million hogs over 2014 and 2014, or 12.5% relative to 2013 levels. Overall U.S. pork production is anticipated to decline 6% to 7% in 2014, the most in more than 30 years.