Swine news - Economy

Soybean imports for marketing year 21/22 are revised downward while soybean production for MY 22/23 is forecast higher.

As of October 1, it will no longer be possible to sell vegetable products under the denomination of meat products.

In June, world cereal prices decreased month-on-month but were still 27% above year-ago levels.

Data provided by the statistical service of the Netherlands shows that Spain continues to increase its imports of pigs and piglets.

Pig meat prices recovered slightly on higher imports by several leading importers, amid continued low purchases by China.

Pork production in Russia increased 7% during the first five months of this year.

In May 2022, the number of pigs fell to 6.1 million head (-3.4%) in North Rhine-Westphalia.

The Federal Ministry of Food and Agriculture (BMEL) has presented the details of the exceptional aid of 180 million euros to German farmers in the sectors most affected by the war in Ukraine.

The retail cost of pork in Russia in 2022 will grow at a rate many times lower than inflation due to an increase in the production of this product and stabilization of the cost structure.

The Institute of Agricultural Market Studies raised the base forecast for wheat harvest in Russia this year by 2 million tons, to 87 million tons.

The agreement eliminates import duties on all EU agri-food export to New Zealand.

The U.S. hog inventory was down 1% year-on-year as of June 1.

Raw, single ingredient ground pork is exempt from the requirement of having a front-of-package warning label as well as single-ingredient whole meats.

Compared to May 3, 2021, the swine herd is down 9.8% or 2.42 million head.

One week ago Canada authorized the first Brazilian plants to import their pork. Now Canada has announced the authorization of two others.

Exports of pork from the UK to the Philippines reached almost £17 million in the first four months of 2022 – up 14% on the same period last year.

The pig herd in Germany's leading pig-producing state is at 7.3 million head, down 10.6% from May 2021.

High hog slaughter levels at the start of 2022 bode well for a new record in hog production this year.

Possible corn shipments from Brazil to China could reshape the world grain market, while soybean shortages are causing prices to rise.

The Canadian market has recently opened its doors to Brazilian pork.

With rising costs, there is little chance that the piglet price in the Netherlands will reach break-even levels in 2022, according to Rabobank.

EU27+UK pork production needs to decline to rebalance supply and demand, according to Rabobank.

Pork is the most important product to Santa Catarina's agricultural production in terms of value.

Although a decrease in the harvest of cereals, especially barley and corn, is expected, that of oilseeds will increase.