Swine news - Economy

Pork exports were slightly below last January’s large totals, despite another outstanding performance in Mexico and Central America.

Support should there be a closure of key export markets for Canadian pork products and live pigs due to an ASF outbreak.

Pork consumption will increase by 1.4% in 2024.

China will impose additional tariffs on Canadian rapeseed oil, oil cake, peas, aquatic products, and pork.

Pork imports are expected to be similar in 2025 while marginal growth is expected in pork exports.

Aurora will increase its pig slaughtering capacity in São Gabriel do Oeste.

This comes after the U.S. imposition of an additional 10% tariff on products imported from China.

In addition to representing about 19% of total per capita animal protein consumption, in the last year there was an increase of 1.2 kg per capita compared to 2023.

Pig meat prices softened, pressured by lower quotations in the European Union.

Wheat, maize, barley, and sorghum export prices increased while the FAO All Rice Price Index declined.

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

An updated study quantifies the returns that beef and pork exports brought to U.S. corn and soybean producers.

The new pricing initiative considers the ongoing challenges facing the pork industry, particularly the lingering effects of African swine fever.

Should the U.S. continue to apply tariffs on Canada, the government intends to impose additional countermeasures that could affect pork.

Despite the slight increase in production volume, exports grew nearly 10%, which could partly explain the decrease in consumption.

The slight increase in production with the significant increase in import volume and the decrease in exports suggests a recovery in apparent consumption, which more than returned to 2022 levels.

The swine industry is stabilizing after a historic low.

As of November 3, 2024, Germany had 21.3 million pigs (+0.3 % vs. 2023). The number of farms fell by 3.2% to 15,700.

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.

The total number of hogs slaughtered increased by 118,998 head.

The implementation of the Public Policy Observatory for Agrifood Systems seeks to promote market access for Central America.

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.

EU ministers discuss rural proofing, agri-food market stability, and the future vision for agriculture and food.

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.