Swine news - Economy

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.

The EFSA and the Chief Veterinary Inspectorate join forces in the 2023 pan-European campaign to support the fight against African swine fever.

The Minister reaffirms the prohibition of using names for foods of plant origin that are reminiscent of foods of animal origin.

Ministers present to MEPs the objectives and work plan of the Spanish Presidency of the Council in the different policy areas.

Due to the increase in soybean exports, encouraged by the Export Increase Program V, the production of oil and other by-products is discouraged.

Herd reduction occurred in four groups of pigs, particularly in pigs for slaughter with a 4.8% decrease.

The Canadian swine herd is forecast to contract in 2024 as sow barns are idled and processing capacity is removed in Eastern Canada.

Following the expiration of restrictive measures on Ukrainian exports to the EU of cereals and other food products, Ukraine agrees to introduce measures to prevent a new spike in imports to the EU.

Contrary to the expected cut in the world corn crop, given the adverse effects of the El Niño phenomenon in the United States, the estimate was slightly higher compared to the August report. As for soybeans, the total projection was again reduced due to the lower production expected in the United States.

Improved profitability is expected to support a temporary rebound of slaughter during the second half of this year. With the absence of a full recovery of pork sales to China, the sector is attempting to diversify exports and resetting its focus on the domestic market.

Nine regions saw increased hog production during the quarter.

Corn and soybean production is expected to be around 103.8 million tons.

Sanitary agencies, academia, and the production sector of both countries are working to provide greater guarantees of food safety to their consumers by training producers and marketers of fresh foods in good agricultural practices and the standardization of laboratory techniques.

In the first half of 2023, pig slaughter in Portugal decreased by 6.1%.

In addition to the United States, Chile and Brazil stand out among the main suppliers with a share of more than 15% of the total.

From January to August, soybean contracts and final sales fell 44% with respect to the previous year and 50% less with respect to the average from the last six years.

The import of pigs for slaughter increased by 18.5% in the first half of 2023 compared to the same period in 2022.