Swine news - Economy

Global pig meat prices fell slightly in January due to ample supplies of slaughter-ready pigs and lower-than-expected imports by China.

World prices of rice and maize rose, while those of barley and wheat fell in January.

The Swine Production Cost Index in Brazil reached record highs in 2022.

According to Rabobank's report, "Global Pork Quarterly Q1 2023," supply is expected to be tight in the first quarter, with consumption facing uncertainty. Global pork trade will likely be limited. Rising inflation and high stock accumulated in 2022 will pressure import needs.

In December there was a sharp decrease in the number of pigs slaughtered with pig inventory decreasing less rapidly.

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

The combined index should be a better representation of the market evolution and thus contribute to greater transparency in the sector.

The EU Commission has examined the draft law for mandatory labeling of animal husbandry in Germany and has expressed no objections.

In its latest "Livestock and Poultry: World Markets and Trade" report from January 12, the USDA revised the closing figures for 2022 and its estimates for 2023, forecasting an increase in world pork production for this year thanks to an increase in China's domestic supply.

Production and export estimates for Brazil were revised upward, while import volumes for Mexico were revised downward.

Compared to other animal proteins such as beef and chicken, pork production exhibited the second highest growth in 2022.

Corn production is again forecast lower due to further declines in the U.S., Argentine, and Brazilian crops. For soybeans, a 4 million ton reduction in the Argentine crop is expected due to drought conditions affecting crop yields.

Cuba's National Center for Animal Health (Cenasa) confirmed that Colombia has obtained authorization to export pork and meat products to the country.

In 2022, Santa Catarina (Brazil) achieved the best pork export figures since the beginning of the historical series, according to Epagri/Cepa.

Declining numbers of slaughtered animals and decreasing consumption of pork in Germany are now causing Danish Crown to adjust its approach.

Last year, Chinese pork imports decreased by 53%.

Soybean and corn exports in 2022 continued their upward trend and increased 2.5% compared to 2021.

Here's how commodity production evolved in China in 2022.

China produced 55.41 million tons of pork in 2022.

Last year, Spain doubled its imports of slaughter pigs and again increased its imports of piglets from the Netherlands.

After years of decreasing exports of live pigs, exports increased in 2022, especially to destinations such as Spain and Poland.

The first export of Argentine pork products to Singapore by sea has been certified after this market opened last August.

The country's pork production is forecast to reach 1 million MT in 2023 as commercial pork producers plan to raise larger pigs.

In Brazil, purchasing power tends to remain weak, which increases the domestic demand for pork.