Swine news - Economy

With pig numbers down 11% compared to November of the previous year, the downward trend continues rapidly.

Hog slaughter was up 5.0% year-on-year and up 2.4% from the previous quarter

The number of exported pieces in the first nine months of this year has increased by 10.78% compared to the same period in 2021.

Pigmeat consumption and production will start declining over the next ten years due to health, environmental, and social concerns.

Compared to November 2021, the total number of pigs is down 8.9% to 7.1 million, the lowest level in a decade.

Decreases are accentuated for corn production in Ukraine and the European Union; the latter would demand more imports of the grain to compensate for the drop in its domestic supply.

There were increases in grain and oilseed prices for the Greater Rosario area. Meanwhile, high temperatures and tight soil water conditions continue to delay the planting of new crops.

The FAO has published the World Food and Agriculture – Statistical Yearbook 2022.

October exports of U.S. pork were the largest in more than a year according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

EU production of arable crops is expected to decrease slightly in the medium term while the production of pulses and soya beans are expected to increase significantly.

The country's population consumed an average of 18 kilograms (kg) of pork between January and June of this year.

With the implementation of this new temporary measure, soybean prices rose.

The National Supply Company (CONAB) expects soybean oil and meal exports to be around 22.5 million tons.

Corn and soybean prices saw mixed results. Sowing progress for new crops continues to be considerably delayed compared to previous seasons.

This month’s downgrade mainly concerns maize and, albeit by a smaller amount, wheat production.

Ireland has secured access to export pigmeat to Malaysia.

International pig meat prices rose on a surge in demand ahead of the upcoming holiday period and the impact of currency movements.

International prices of wheat, maize, and sorghum declined in November while barley and rice prices moved up, according to the FAO price index.

Although the decrease in Spanish pork exports outside the EU continued in the first nine months of the year, it has slowed down compared to the first half of the year.

ASF continues to be the key determinant in the global production of pig meat.

This reduction in total pigmeat exports is driven by a nearly 45% anticipated decline in sales by China.

Only considering October, Santa Catarina exported 139.8 thousand tons of meat, 7.2% more than in 2021.

China's share of EU pork exports has more than halved.