The company’s pork segment reported operating income of $9 million for the first nine months of 2024 compared to a $325 million loss during the same period last year.
Rabobank’s Global Pork Quarterly Q4 2024 report explained that even with improved profitability, many global pork producers remain cautious about herd rebuilding with ongoing trade, disease and demand uncertainties.
Data from several poultry trade associations was recently updated in economic impact studies, detailing jobs, wages, and federal and state revenue across the United States.
The National Pork Producers Council (NPPC) reassured people that the pork supply is still safe after the findings by the USDA and other state agencies.