Swine news - Economy

‘Meso turopoljske svinje' is the fresh meat and other edible parts of the carcass of castrated males and of females of the autochthonous Turopolje pig breed.

Pork production was up by 3.6% in the first three quarters.

Projections for key variables in 2024 from estimates for the region's leading countries, as outlined in the latest "Livestock and Poultry: World Markets and Trade" report published by the USDA on October 12.

According to the latest USDA estimates published on October 12, a reduction in the sow inventory is expected in China, the European Union, and North America. However, Brazil is expected to see a significant increase in the number of sows.

Compared to the September report, production and export estimates for corn remained unchanged, while for soybeans there was a significant cut in final oilseed stocks.

In its latest report "Livestock and Poultry: World Markets and Trade" from October 12, the USDA released its first estimates for next year, in which it foresees a production similar to 2023, as well as greater dynamism in international trade and a slight decrease in consumption.

For soybeans, the country's main crop, estimates show growth in planted area and yields.

For the first time since 1997/98, Argentina will lose its place as the world's leading exporter of soybean meal and will be overtaken by Brazil.

The General Administration of Customs of the People's Republic of China has authorized the supply of pork from Russia.

While total year-to-date imports are higher than the same period in 2022, they have been trending downward since January.

Pigmeat production is declining in all EU countries while less competitive EU prices hamper exports.

EU cereal production in 2023/24 is expected to be below the 5-year average, while oilseed production is doing well.

Swine and pork production in 2024 is forecast to decline to due to lower sow inventories in 2023.

Issues related to the country’s swine industry were discussed at a government meeting hosted by Belarusian President Aleksandr Lukashenko on September 4.

This report estimates how production and the availability of products for export could be affected by a changing climate.

These are the conditions of global wheat, maize, rice, and soybean crops according to AIMS.

International pig meat prices fell, underpinned by weak import demand from leading importing countries and ample global export availabilities.

This month’s increase was led by a 5.3% increase in international coarse grain prices.

As of September 2023, there was a total inventory of 74.3 million head on U.S. farms.

A series of free workshops on the operation of agricultural biogas plants will be launched on October 12 for those interested in building such a plant and for representatives of public administration.

August saw the highest monthly profit so far this year.

Uruguay overtook Singapore and Hong Kong to become the main buyer, accounting for 28.5% of purchases.

A total of 62,300 tons of pork were exported in August, the highest monthly amount since the historical series began in 1997.

The southern region has been the leader in production since the beginning of the historical series in 1974.