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Meat spot prices are the prices of meat products traded on a spot market, meaning they are bought and sold for immediate delivery. These prices can fluctuate due to various factors, including supply and demand, economic conditions, and geopolitical events.
Several online resources and market data providers offer real-time or historical data on meat spot prices. Popular platforms include:
These platforms help businesses stay updated on market fluctuations.
The global impact of African Swine Fever (ASF), especially in 2019, affected pork prices significantly. ASF decimated swine populations in Asia, causing pork shortages and driving up global pork prices.
Looking at the provided graph below from Vesper, the U.S. Pork Lean (CME) prices (blue line) remained stable until 2019, when a significant spike occurred. This increase can be attributed to the African Swine Fever (ASF) outbreak that decimated swine populations in Asia, particularly China. ASF led to a global shortage of pork, pushing up demand and prices, especially for exports from regions unaffected by the disease, such as the U.S. Similarly, Pork MSM Frozen (EU) (green line) fluctuated during this period, reflecting global disruptions in pork supply and the shift in demand.
In summary, meat spot prices are influenced by a complex interplay of factors, including supply chain disruptions, feed costs, disease outbreaks, trade policies, consumer demand, and global economic conditions. Understanding these factors can help you better understand the fluctuations in meat prices.
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