Swine news - Economy

The soybean harvest started with good yields, but only 3% of the first soybean fields in the core region were harvested. Corn harvest is 30% behind the last 5 seasons.

Pig meat prices increased, mainly reflecting higher internal demand ahead of the Easter holidays.

Fueled by growth in the Western Hemisphere, South Korea and Australia, U.S. pork exports posted another excellent performance in February.

According to the Federal Statistical Office (Destatis), based on the final results of the 2023 agricultural structure survey, the number of livestock farms fell by around 4% or 7,100 farms between 2020 (around 168,800 farms) and 2023.

After rising sharply in 2021 and 2022, French pork imports fell in 2023.

Preliminary data indicates that prices of affected pork products in California rose 20% on average.

Key points from the Prospective Plantings report released by USDA’s National Agricultural Statistics Service (NASS).

As of March 1, there were 74.6 million hogs and pigs on U.S. farms.

The European Commission has published a report outlining the good progress made so far under the EU's long-term rural vision, highlighting positive outcomes delivered since 2021 and presenting ideas for future work.

French export volumes (excluding offal) fell sharply in 2023 (-40,000 t carcass).

Swine production in France has mirrored the trend in livestock numbers, decreasing in 2023.

France's swine inventory is expected to continue to decrease gradually in 2024.

Strong recovery in production drives higher crushes and exports in the new season.

Over the past twenty years, the number of pig farms in France has steadily decreased, with farmers retiring or going out of business without being replaced.

These are the leading European exporters of pork products to third countries in 2023.

The Council of Agriculture and Fisheries Ministers has given the green light to the legislative amendment proposal presented by the Commission to simplify and make the Common Agricultural Policy (CAP) more flexible.

The reduced tariff rate for Paraguayan pork exports seeks to increase shipments of this protein to the Taiwanese market.

European Parliament and Council reached a provisional agreement on extending trade liberalisation measures for Ukraine.

Last year Brazil exported US $375 million worth of gelatin to around 70 countries.

Paraná produced 660.63 thousand more pigs in 2023 with greater national growth, according to the Brazilian Institute of Geography and Statistics (IBGE).

The Customs Administration of China confirms the certification of the first Panamanian pork processing plant to export pork products to the People's Republic of China, by complying with all sanitary measures and quality standards.

Corn contracts have exhibited dynamism in the local market since the beginning of the year, driven by export demand. The harvest is advancing in Brazil with divergent projections.

In 2023, 57.17 million head of pigs were slaughtered, representing an increase of 1.3% compared to 2022 and a new record for the survey.