With the news that the EU is officially in recession and all of the signs point to the same thing for the U.S., the swine industry in the United States is facing a critical challenge related to demand. After more than a decade of continuous growth in demand for U.S. pork, the industry is likely to face the inevitable leveling off or much more likely, a decline in demand for 2009. Some are forecasting up to 10% less exports for 2009. As the EU and the US enter recession, demand for consumer goods has already begun to fall, in some cases at record month over month rates.
