Articles - Economy

September will show in all its harshness the precariousness of the present moment: pigs will arrive for slaughter in droves and it remains to be seen whether slaughterhouses will be willing to process those pigs whose pork they cannot sell.

Currently, the pig price in Italy is set by a Single National Commission (CUN), which began functioning on April 15, 2011.

We are so unmoored from “normal” that it makes sense to situate the current pork industry within the current macro environment.

Virtually absent pork exports to China and poor demand in the EU lead to a 17% drop in Spanish price in 7 weeks, and it will keep dropping.

How is the growing demand for greater animal welfare on farms articulated?

For the first time in 20 years, Spanish prices fell in June. We are in an extremely exceptional situation that must be corrected as soon as possible.

The pig price in Spain is the most expensive in Europe and Burset predicts that it is very close to the upper limit. China is decreasing imports, buying at cheaper prices, and therefore, is absent in the Spanish market.

While European prices are forecast to be lower than in the previous two years, 333 users in the Americas are forecasting higher prices. China's forecasts remain between 2019 and 2020 levels.

When thinking on your productions system, maybe your supply chain shock planning is now as critical as bio-security.

The price of pork continues to rise and Burset makes a prediction for June. It all seems to be good news for producers and slaughterhouses but the processing industry is in for a storm.

It seems that the deficit in China will last all year and the flow of exports from Spain to this large Asian country will not let up...

IFIP predicts a marked decline in pig production in northern Europe, while Spain will continue to grow. In the eastern countries, Romania stands out, where there are companies investing.

In an unprecedented year, how did 333 users’ predictions match up with the actual average pig price in their country? Let’s compare the results from 13 countries.

A summary of how the Argentine pig industry has grown, looking at production, imports, exports. What are projections like for the future?

IFIP with InterPIG data summarizes how production costs evolved in 19 different countries and regions.

It must be acknowledged that for Spanish swine industry not only has not been a bad year but it rather has been an excellent year.

Prices are drifting down to close out the year and if you look to the futures as a guide for next year, it is boringly normal. This happens when people have no real idea what to expect…

In view of the unprecedented time we are living in, we are publishing this monthly commentary a few days early.

The price of pork in Spain is the highest in Europe, both currently and in terms of the average so far this year (although the downward trend observed is irreversible in the short-term and will continue).

Spanish producers should make it a priority to be more efficient and should realize that growth cannot continue indefinitely.

Lots of things brewing out there with both supply and demand. Rarely do we get such action at the same time on both sides of the price determination.

In less than 48 hours German exports halted, so every week about 9,000 extra tonnes of pork need to be sold within the EU.

How long this will last is anyone’s guess but here are a few things which combine to provide the briefest pause, for a moment of hope.

Spanish slaughterhouses are demonstrating extraordinary resilience. Pig prices in Spain are grossly higher than in any of the competing European countries.