Swine news - Economy

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.

In recent years we have seen a decrease in exports to Germany and an increase in piglets destined for Spain.

First estimates of agricultural price indices for 2022 indicate that they were substantially higher than 2021 for almost all the main product categories as well as for key agricultural inputs.

Pork availability on the domestic market has grown considerably, putting pressure on negotiated pig and pork prices.

Davao del Norte’s Island Garden City of Samal (IGACOS) is a recipient of PHP10 million worth of projects aimed at boosting its swine production.

The U.S. hog census continues its downward trend. However, breeding swine stocks are slightly higher compared to the previous quarter and December 2021 results.

Spanish pork production in the first nine months of 2022 was 1.78% below the same period of the previous year.

The average annual FAO Meat Price Index in 2022 as a whole was the highest in over thirty years.