Agri-commodity prices in April were pushed to levels not seen since 2011 to 2013, noted Rabobank in its beef quarterly. It says the knock-on effect of that trend are heightened concerns about the cost of feed.
Nearly three-quarters of all US dairy operations with established production history are enrolled in a risk management program for 2021 run by the USDA, known as the DMC.
The Dutch agribusiness bank's outlook for animal protein markets globally sees pork production returning to growth in 2021, but the analysts say it will be a gradual recovery process, as African swine fever (ASF) is still active.
