The Pig Site – The EU meat sector is expected to be supported by strong demand on the world market driven by favourable economic conditions. In Europe, prospects of improved economic growth should leave consumers with more disposable income allowing for a higher consumption of meat products.
In 2012, unfavourable weather in several parts of the world (drought in the US, Black Sea region and Eastern Europe) drove up grain, and consequently feed prices, which affected meat production and put pressure on margins despite meat prices reaching historical highs worldwide in 2012 and 2013.
In the current outlook, feed prices are expected to remain relatively high throughout the projection period, though significantly below 2012 levels. Projected meat prices are also to remain firm due to strong world demand and limited supply response …. Continue Reading