Swine news - Economy

In 2021, pork exports increased 66% in value and 54.4% in volume compared to 2017.

Official closing data for Brazil, Mexico, Chile, Colombia, and Argentina show a general increase in apparent consumption and a fall in exports.

In the last few weeks there has been a significant decrease in the import of both piglets and pigs from the Netherlands.

Between January and June, Spanish pork exports decreased 24%, with a 50% drop in exports destined for China.

According to the USDA, moderate growth is projected for the region's production, and exports from Brazil, Mexico and Chile will fall. Significant growth is expected in imports from Mexico and Argentina.

Pig slaughter and pork production continue to increase despite the drop in exports. Domestic demand remains strong and is reflected in the considerable increase in apparent consumption.

Hog slaughter increased 6.6% year-on-year and 2.6% compared to the previous quarter.

The grants awarded will help build new and better markets through investments and technical assistance.

The FAO meat price index fell month-on-month while price quotations for pig meat rose due to the continued low supply of slaughter-ready pigs.

In August the FAO Cereal Price Index was down 1.4% from the month prior, but still 11% above its year-ago value.

Pork will be released from government reserves to ensure supply for upcoming festivals.

A twofold increase in live animal exports from Russia has been recorded.

The breeding stock in the European Union continues to contract and a decrease of 0.8% is projected for the United States. Mexico is expected to surpass Canada and South Korea.

The Republic of Korea recognizes the strict regionalization measures adopted by the EU to combat outbreaks of African swine fever.

Overall costs were presented during the annual meeting of the Pig Production Cost Comparison Group.

Compared to the July report, international trade estimates for corn improved in August, while production was adjusted downward. In the case of soybeans, estimates for all three indicators were raised.

The study by Drs. Jayson L. Lusk and Glynn T. Tonsor of the University of Kansas, which was funded by Pork Checkoff, concluded that the main causes of higher U.S. retail pork prices starting in 2020 were the macroeconomic environment and increased production costs.

The amount of pork produced in the first half of 2022 was 2.3 million tons, down 10.1% compared to the same period in 2021.

According to Rabobank's third-quarter global pork report, African swine fever, inflation, and policies challenge growth while trade prospects rise.

The inventory of pork in cold storage at the end of June 2022 remained well above year-ago levels, but available supply differs greatly among products.

The price of pork was 20% higher in July compared to year-ago levels.

The Ukrainian Minister of Infrastructure has announced the resumption of grain exports by sea, which were blocked due to the war.

Russia exported 81,600 tons of pork in the first half of the year, down 23% from a year earlier.

Hog slaughter and pig inventory continue to grow in China.