Swine news - Economy

Decreased production and apparent consumption are expected, as well as greater dynamism in the international pork trade.

Corn imports in the first eight months of 2024 reached over 6.93 million tons, worth over 1.72 billion USD.

Most main destinations recorded an increase in exports this year with the Philippines, Japan, and Mexico standing out.

EU cereal production is the lowest in the last decade and the EU oilseed production decreases.

EU pigmeat production is recovering in some EU countries indicating a mixed trend for the sector. Lower demand from China could slow down EU exports in 2024 and 2025.

The Italian Ministry of Health announced this following extensive negotiations.

In terms of revenue, this is the second-best monthly result in the entire historical series, second only to July 2024.

If current growth continues until the end of the year, imports could exceed 2 million piglets.

Danish Crown CEO Niels Duedahl has announced a comprehensive organisational adjustment to deal with the financial crisis facing the company.

The reduction in the number of pigs occurred especially in weaners.

According to preliminary statistics from the General Department of Customs, in the first eight months of 2024, exports of animal feed and raw materials reached over 672.84 million USD, down 15.1% compared to the first eight months of 2023.

Fueled by another outstanding performance from Mexico, August exports of U.S. pork increased year-over-year, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

This market opening reaffirms international confidence in Brazil's sanitary control system.

The total swine and market hog inventories recorded increases of nearly 1%, reflecting an increase in the average number of pigs weaned per litter.

In the first eight months of 2024, Russia exported over 400 thousand tons of meat, 11% more than in the same period last year.

Record pork production will enable year-on-year increases in domestic and foreign markets in 2025.

FILPORC is actively seeking to open up other markets, particularly in Asia.

China is Vietnam's largest export market for animal feed and raw materials, accounting for 40.9% of Vietnam's total export turnover of this item.

World pig meat prices were unchanged, with global supplies adequately covering increased demand.

Affected Gulf and East Coast ports will be reopened while negotiations continue.

After declining for three consecutive months, global wheat prices increased in September. World maize prices also increased.

The European Commission proposes an additional 12 months for companies and countries to adapt to the new regulations, ensuring an effective transition.

The East and Gulf Coast port strike has begun, threatening meat exports and feed ingredient imports.

The Canadian swine herd is forecast to remain relatively stable in 2025. Slaughter is forecast at one percent above 2024.