Global pork and beef markets face slowing production and weak prices

Rabobank projects that worldwide pork production will decelerate in the second half of the year, with prices remaining low due to stagnant demand and excess supply. In China, expanded capacity and higher productivity have boosted output, while in Europe, limited Spanish exports caused by African swine fever and increased regional production keep prices down. North America sees a slight supply surplus and weak demand. Trade flows are shifting, with Europe losing market share, Brazil gaining, and importers such as Mexico and the Philippines increasing purchases.

Separately, EU beef production fell 4.1 % in 2025 and a further 4 % in early 2026, driven by a 6.2 % drop in slaughtered cattle. Prices have softened slightly, but limited supply is expected to keep them relatively high. Exports of beef and live cattle are projected to decline, while imports may rise by about 12 % due to increased South American purchases, though potential EU restrictions on Brazilian imports could limit this growth.