Coupled with a cold spell of weather, the PEDv crisis led to high supply in the market as the industry experienced a high mortality rate among piglets.
A key factor that may have impacted the recent decline in price was the US Department of Agriculture’s proposal to relax the restrictions on pork imports from Mexico, said Mintec.
As reported by GlobalMeatNews last week, the US looks set to allow the import of pork from Mexican states that are deemed to be at low risk of classical swine fever.
According to price data from Mintec, March 2014 saw a real peak in prices, with US pork reaching around $2,700 per metric ton (mt). Prices dipped over the next two months before increasing to around $2,800 per mt. Last month saw prices dip again to less than $2,600 per mt.