Swine news - Economy

The published report provides an overview of the situation in the pigmeat market and puts forward recommendations to improve the resilience of the sector.

Preliminary discussions were held to start trade agreements that may allow the export of Brazilian pork, as well as the import of Australian barley and wheat.

In 2022, 56.15 million head of pigs were slaughtered, representing a 5.9% increase (+3.10 million head) over 2021 and a new record.

The International Grains Council's forecasts 2022/23 and 2023/24.

The Black Sea Grain Initiative has been extended but the UN did not specify the length of the renewal.

In Argentina, on the other hand, new downward adjustments in estimates led to a reduction in world production.

Japan’s pork production will grow in 2023, but imports will be soft as large 2022 ending stocks are drawn down.

Soybean harvest this season is forecast to be 20.6% higher than in the previous season, which indicates a recovery in the productivity of the crops that were affected by adverse weather conditions in 2021/22.

Significant cuts were made to world corn export estimates compared to the February report, while global soybean production was again projected downward, largely due to losses and low yields in the Argentine crop.

Substantial changes to the production of Prosciutto di Parma Protected Designation of Origin.

From 2023 onwards, pork production is expected to exceed beef production, widening the gap between the two proteins year after year until 2032.

The current "Black Sea Grain Initiative" agreement, which has allowed grain exports to date, expires on March 17.

The aim of the free trade agreement will be to boost trade and investment.

The European Commission has approved a €200 million Flemish scheme to compensate for the reduction or closure of pig production.

U.S. pork exports maintained momentum in January, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

USDA provides forecasts for pork production in the European Union in 2023.

Monthly EU trade flows of agricultural and food products reached a new record value in November 2022.

USDA projections for global pork production through 2031.

High feed grain prices are expected to impact slaughter numbers and pork production in the latter part of 2023.

New report outlines recent trends in United States meat consumption.

China's decision to end its zero-COVID policy restrictions is expected to improve demand for pork products in 2023. Pork production and imports are forecast to grow in 2023.

Over the course of 2023, pork production, exports, and consumption are expected to decrease while imports increase.

EU pork exports fell by 15% in 2022, largely due to a 40% decrease in exports to China, the leading destination.

The 1.4% decrease in the number of pigs slaughtered and the 2.3% decrease in pork production volume reflected the evolution of the pig invenotry.