Swine news - Nutrition

The outlook for U.S. corn exports improved compared to the March report. A slight increase in the EU corn production was estimated, as well as an increase in its imports. For soybean projections, no significant adjustments were made.

In addition to the significant increase in production, the planted area has grown by more than 60% since 2012.

Animal feed imports from Argentina reached over 365.05 million USD in the first two months of 2025.

Corn, wheat, and rice production and import predictions for 2025.

China imported more than 61 Mt of grain in 2023/24, but is to reduce purchases in 2024/25 due to economic factors and self-sufficiency policies.

Moscow and Washington agree on measures on maritime security, agricultural trade, and energy infrastructure protection.

China’s Ministry of Agriculture and Rural Affairs announced an updated Feed Ingredients Catalog.

This reflects an increase in planted area, estimated at 81.6 million hectares, and a recovery in average productivity (4023 kg/ha).

Compared to February, estimates for global corn exports were cut, which could be explained by a projected decrease in shipments from Brazil. Likewise, a significant drop in corn imports from China was estimated. As for soybeans, projections remained unchanged, except for a drop in ending stocks.

Feed fed to U.S. hogs in 2023 equaled approximately 60.9 million tons, mainly from corn-related ingredients.

The EU proposes tariffs on Russian fertilizers to reduce dependence and protect European industry from the risk of market destabilization.

After three weeks of rains that were key to the season's recovery, losses have stabilized and the trend shows a better than expected improvement in soybeans in the core region. A month ago, significant losses and extensive areas with total damage were projected.

With a sharp cut in corn, estimated production falls by 2 million tons from last month. For soybeans, the first projection, based on its current condition, is below expectations under a normal scenario.

The agreement boosts the expansion of agribusiness trade, benefiting both the province of Santa Fe and the rest of Argentina. In addition to strengthening the position of the soybean complex, it opens new opportunities for the export of meat, dairy products, sunflower, legumes, and other strategic products.

The technical update of the PEFCR Feed extends its validity until December 2025, without significant methodological changes.

Compared to the January report, significant cuts were made in South American corn harvests and in exports from Brazil and Ukraine, related to the fall in Chinese imports. A decrease in the global soybean harvest and ending stocks was again projected, due to lower production in Argentina.

Oilseed processing broke records in December and confirms the industry's good performance. Strong demand for corn further boosts corn shipments, which beat wheat exports.

The pressure came from the advance of the 2024/25 harvest in Brazil, the reduction of withholding taxes on the soybean complex in Argentina, and the exchange rate devaluation.

Exports of animal feed and raw materials will reach nearly 1.04 billion USD in 2024, down 13.2% compared to 2023.

Good performance is due to the favorable weather during the growth of the first harvests.

Feed manufacturers are concerned about the provisional anti-dumping duty on lysine imports from China.

Compared to the December report, there was a significant cut in U.S. corn production and ending stocks, while a larger harvest and lower imports were estimated for China. A decrease in the global soybean harvest and ending stocks was projected, derived from a lower forecast for U.S. production.

Brazil, the world's largest exporter of soybeans, experienced a reduction in the volume exported in 2024, compared to records in 2023.

These new regulations authorize the import, export, storage, and processing of animal feed products in a more streamlined way while reducing excessive regulatory costs.