Swine news - Economy

Swine and pork production in 2024 will be marginally down as persistently low live hog and pork prices weigh on producers. Pork imports may grow marginally to offset the forecasted decline in domestic pork production.

Japan’s pork production will be steady and imports up slightly to meet stable demand in both its retail and food service sectors.

Decreases in pig, bovine, and sheep production are expected.

This marks the first increase in the FAO Meat Price Index in seven months.

International prices of all major cereals declined month on month.

The modified time-limited trial will continue through January 15, 2025.

The vast majority of Danes are aware of the State Animal Welfare Label "Better animal welfare".

The rise in pork production is forecast to result in a slight increase in exports but lower than usual imports.

Florida passed legislature prohibiting the sale of cultivated meat in the state.

In 2023, the EU exported 4.21 million tons of pork and pork products, a value similar to that of 2013, with 4.26 million tons.

After a decline in 2022, exports of pork products increased by 59% in 2023.

Breeding herd shows no sign of growth.

This revision adjusted the national target number of reproductive sows from 41 million to 39 million.

Products produced after the registration date will be accepted for shipment.

Rapid and structural responses to the crisis situation facing the agricultural sector

Government of Canada announces investment to further strengthen Canada's position in the global pork sector

A new survey carried out in 8 EU countries1 shows that most consumers support better welfare for the animals raised for food and expect EU decision makers to act.

The European Commission sent a paper to the Belgian Presidency outlining first possible actions to help reduce the administrative burden.

During the past year, Spanish exports of pork and prepared products to third countries decreased by 16%.

Significant increases were also recorded in pig slaughter and pork production, as well as a slight increase in apparent consumption.

Slaughter was down 4.8% year-on-year.

According to preliminary data, the pig population in December 2023 was 9769.7 thousand, an increase of 1.5% compared to the same period last year.

Compared to the January report, world corn production estimated saw no significant changes, while international trade figures forecast lower exports for Brazil and a decrease in imports from the European Union. As for soybeans, the forecast for Brazilian production was cut and export estimates increased, which would counterbalance the lower forecast for U.S. shipments.

The European Commission officially adopted a regulation which grants a partial exemption for European farmers from the conditionality rule on land lying fallow.