Swine news - Economy

Global pork production is reaching an inflection point as the industry returns to profitability, even as risks remain ever-present.

The heavy rains in Rio Grande do Sul will negatively impact this season's final results.

This study assesses the current state and future prospects of protein production with a focus on conventional and alternative protein sources for food and feed.

The organization will work to increase the number of pigs to meet the demand for pork in the local market.

Spanish exports of pork products in Q1 2024 decreased by 11% compared to the same period of the previous year.

New Autonomous Trade Measures will be in effect until June 5, 2025.

The Ministry of Agriculture signs an agreement with the interprofessional organizations Interovic, Interporc, and Provacuno to promote the excellence and diversity of the Spanish meat sector in the international market.

World corn production is expected to be lower due to a cut in the U.S. crop, and exports are expected to fall in Brazil, Argentina, and Ukraine. The new soybean crop outlook is good, with significant increases in production, international trade, and final stocks.

The aim is to put an end to one of the most distorting instruments in the commodities market.

The lull in rains and low temperatures next week should help to finish the harvest without major problems. Progress in first soybeans is 88% and 90% in early corn when they should have already been completed. In second soybeans, 45% is still to be harvested.

On the occasion of the state visit of the President of the People's Republic of China, the French Minister of Agriculture and Food Sovereignty, Marc Fesneau, signed several ambitious agreements and protocols.

Pig slaughter fell by 1.8% year-on-year.

PHP10 million has been allocated to assist 5,000 affected hog raisers across the province.

Hog production dropped by 4.3% annually.

In 2023, the production of plant-based products as an alternative to meat increased by 16.6% over the previous year.

In the last three months, per capita consumption has been estimated at around 15 kg per capita per year, almost 1.5 kg below the average recorded in 2023.

The average price per ton of imported product was 1.4% higher than the average in the first quarter of 2023.

EU farmers will benefit from the elimination of tariffs on key EU exports such as pig meat.

The European Commission has adopted an amendment to the State aid Temporary Crisis and Transition Framework (TCTF) to prolong by six months certain provisions of the Framework aimed to address persisting market disturbances specifically in the agriculture and fisheries sectors.

Agriculture remains impacted by several events outside farmers’ control, such as climate and geopolitical crises, which continue to exert pressure on farmers.

In the first quarter, Korea surpassed Canada as the fourth-largest export destination for U.S. pork.

The project will provide additional income to farmers and improve the local pork supply.

While the FAO Meat Price Index was up from March, world pig meat prices fell marginally.

Average global wheat export prices stabilized in April. Maize and barley prices increased while sorghum and rice prices declined.