An ag economist says the trade picture for pork looks brighter in 2016.
Ron Plain, professor emeritus at the University of Missouri says the pork industry saw increased exports and decreased imports in December. “For the fourth quarter it was a better fourth quarter than the previous ones,” he says. “The overall trend is headed our direction. We’re optimistic we’re going to see a better trade picture in 2016 than we had last year.”
Plain tells Brownfield the stronger dollar makes US goods look more expensive to its customers. “That’s hurt exports,” he says. “Hopefully we’ll see some weakening in the dollar – that should be positive for pork exports, beef exports and almost any product for export.”
The pork industry increased exports more than 2 percent in 2015 over the previous year and Plain says he hopes that trend continues into 2016.