date:Dec 17, 2012
to weakening activity. Melo added.
A bullish factor for the industry is the strong need for supply discipline in the poultry and pork sectors. Rabobank thinks production cuts are likely to come about, driven by negative margins in the wake of severe feed cost increases.
To the extent that this increases poultry and pork prices, it may also benefit the beef industry as the gap between beef and these two meats prices narrows and possibly shifts demand towards beef.