Swine news - Economy

After five years, the Chinese market opens again for Belgian pork.

Fueled by record performances in Mexico, Central America, and Colombia, November exports of U.S. pork reached the highest value since mid-2021, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

Mexico has granted market access to British pork offal, which could generate an estimated £18 million over the next five years.

Pig farming accounts for over 62% of the total meat output of domestically produced livestock in the country.

Wageningen Economic Research has developed a new cost price calculation for pigs with the Better Life quality mark.

According to calculations by Cepea, pork consumption in 2024 could grow by 2.8% compared to last year

Summary of Vietnamese livestock production in 2023 and targets for 2024.

Argentina's corn, wheat, and soybean production and exports in 2023.

These are the main findings of the latest monthly agri-food trade report published by the European Commission.

With the Chinese market, total Russian pork exports could reach 400-500 thousand tons per year.

In the first nine months of this year, shipments to Vietnam almost doubled going from 35.7 thousand to 69.6 thousand tons.

This estimate is based on a study by Emater-MG, which also predicts an increase in the planted area.

The U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) has published its Quarterly Hogs and Pigs report.

The Chinese government continues to implement plans to reduce and replace soybean meal in animal feeds.

International pig meat prices fell in December, underpinned by weak import demand from Asia.

While for the year as a whole, the FAO Cereal Price Index was down 15% from the 2022 record annual average, international rice prices were up 21% annually.

Breeding sow population stabilizes.

At present, the total installed capacity would allow close to 2.3 million pigs to be slaughtered in a month for an 8-hour shift.

The strong retraction of sellers, who remain concerned about the weather and the possible impact on supply in the coming months, has kept the pace slow.

The number of pig farms has fallen 35.0% since 2013.

The proposed extension of reduced tariffs will help ensure an adequate supply of agricultural commodities and maintain stable and affordable prices.

China's economy continued to recover in November.

Director General of the National Union of Pork Producers, Yuri Kovalev, predicts Russia will export 250 thousand tons of pork this year.

In addition to imports from the United States, 16,100 tons from Chile and 17,900 tons from Brazil have been imported so far this year.