Swine news - Economy

The pork trade balance was again positive in 2020, both in volume and value. The trade surplus was US$ 4.03 million, while in 2019 there was a trade deficit of US$ 47.3 million.

A tight market outlook for oilseeds is expected for 2020/21 and coarse grains stocks are forecast to fall below opening levels for the fourth consecutive season.

From January to May, Brazilian pork exports grew by 18.44% in volume compared to the same period in 2020.

A third-level warning for an excessive slump in hog prices alerted pig farmers to adjust their plans to stabilize supplies.

European Commission launches public consultation on review of the EU marketing standards for agricultural products.

Food and feed trade associations, hauliers, farmers and veterinary and environmental health professional organisations have joined together to propose an urgent new veterinary agreement and streamlined processes to resolve restrictions to exports to the EU, Britain’s largest trading partner.

EU and US take decisive step to end aircraft dispute.

The Philippines can start exporting beef, carabeef, pork, chevon, mutton and their by-products to Japan.

Despite a month on month decline in May, production is still up from last year.

Following a record-breaking March performance, exports of U.S. pork continued to build momentum in April, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

World meat output is forecast to expand despite the many challenges facing meat value chains while global meat trade is seen heading towards a stagnation.

Starting June 21, 2021, piglet producers can apply for financial aid to renovate their farms.

These are amongst the main findings published by the European Commission in the monthly trade report for January-February 2021.

Industrial compound feed production in the EU remained stable in 2020 despite the combined effect of the spread of animal diseases and the COVID-19 pandemic.

Chinese authorities have released a work plan to improve the mechanism for adjusting pork reserves as part of efforts to stabilize the market as it has seen frequent fluctuations.

The largest pork-producing state in Brazil, Santa Catarina, maintains export growth.

The Food Industry Association (VdEW) and the Food, Beverage and Catering Union (NGG) reached an agreement during negotiations on minimum wages for meat industry workers.

The FAO Meat Price Index continues to rise, up 10% from last year.

Soybean prices oscillated with certain strength at the end of May. The values of corn have fallen in the last few days in most regions monitored by Cepea.

In the first quarter of 2021, exports of live pigs and pork from Portugal increased by 20.1% and 39.3%, respectively, compared to the same period in 2020, with Spain as the virtually exclusive destination.

Now that two of the three leading pork-producing states are on the OIE list of states free of FMD without vaccination, new opportunities should open up for the pork industry.

The sharp decline in exports of live pigs to Germany is increasing slaughter in Dutch slaughterhouses.

Africa swine fever was detected in a batch of 980 imported live pigs from Thailand during the quarantine period.

According to the IFIP's Outlook, European pork production should remain stable in 2021, but the situation will vary from country to country.