Swine news - Economy

Compared to the previous report, significant increases were estimated in global corn production, international trade, and ending stocks, due to higher forecasts for the U.S. harvest. However, global projections for soybeans were adjusted downward, given the expected contraction in oilseed production in the U.S.

The total for the first half of the year reached a record high and represented a 3% increase compared to the same period in 2024.

Canada has endorsed the equivalence of Mexico's Federal Inspection Type (TIF) system for beef, pork, and poultry products, ensuring the continuity and expansion of Mexican meat exports to the Canadian market.

In an effort to strengthen the safe trade of agri-food products, the health agencies of both countries worked toward new strategies to streamline existing protocols and open up trade for new products, both conventional and organic.

The sector celebrates the authorization of 46 plants to export poultry and pork meal to China.

The pork industry is experiencing its fastest growth in years, with a cumulative rate of 5.5%.

Soybeans and corn set production records in 2025, with 165.5 and 137.6 million tons, respectively.

A year-on-year increase of 15% to 20% is projected in the central region, while the north faces risks from pests and tight margins.

In total, Germany produced 0.1% less meat compared to the first half of 2024.

Accumulated revenue for the year grew by 26.7%.

The EU will provide preferential market access for pork and has committed to streamlining requirements for U.S. sanitary certificates.

The new regulations intend to bring about a fairer pig supply chain.

Exports of U.S. pork bounced back in June, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

The Crop Production report issued by USDA’s National Agricultural Statistics Service (NASS) forecasted corn production up from 2024 and soybean production down from last year.

The increase was primarily driven by higher bovine and ovine meat prices, along a slight increase in poultry meat quotations, while pig meat prices declined.

Global export prices of barley and maize rose, while those of sorghum and wheat declined.

The forthcoming SPS agreement will remove routine border checks on plant and animal products moving between the UK and EU.

Starting August 6, the U.S. will apply a 50% tariff on Brazilian products such as meat, coffee, and fruit, severely affecting meat exports.

China's pork supply has increased recently, leading to a slight decline in pork prices.

Twelve businesses across England and Northern Ireland secure access to Mexico's rapidly expanding market.

From January to April 2025, China purchased Russian pork worth over US$50 million.

Between January and June, Argentina exported 48.4 Mt of agro-industrial products, with notable increases in wheat and corn.

This short-term outlook edition provides market prospects for key EU agricultural markets in 2025.

Regulatory clearance enables Mission Barns and its partners to introduce cultivated pork fat into foodservice and retail products for the first time in the U.S.