US cattle prices are expected to continue their strong performance into 2012, whilst hog prices are expected to flatten as supply increases, according to Rabobank's Outlook 2012 – Agri Commodity Markets Research report.
Rabobank expects US cattle prices to continue their strong performance in 2012, albeit with a brief plateau in the first quarter (Q1) as record feedlot inventories reach the market. However, tight feeder supply should bias price upwards from spring onward.
Lean hog prices are expected to flatten in 2012 as US and global supply increases but upside risks remain with strong Asian demand and risk of disease in the Chinese domestic herd. Strong demand from emerging-market economies is expected to provide robust support for US livestock markets in 2012.
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