Swine news - Economy

MEPs present plans revamping the EU’s food systems, to produce healthier food, ensure food security, a fair income for farmers and reduce agriculture’s environmental footprint.

Rabobank report says additional investment needed to limit risk and satisfy growing demand.

These results are mainly due to the increase in shipments to important markets.

In August Mexico imported 47% more U.S. pork compared to the same period last year.

The industry is facing difficult circumstances brought about by the impacts of the pandemic and the global pressures facing supply chains worldwide.

The country's pork production and pig inventory continue to increase.

During the meeting of the Ministers of Agriculture, 19 member states requested aid for the pig meat sector.

Spain continued to hit record levels in production and exports in 2020. USDA forecasts Spanish pork industry trends for 2021 and 2022.

Belgium regains an important export market following the recovery of its ASF-free status.

The UK's pig industry is facing slaughter backlogs and export bans in the midst of COVID-19 and Brexit challenges.

According to the FAO meat price index, global pig meat prices declined in September while ovine and bovine prices increased.

Record shipments to Mexico and strong growth in several other markets helped offset the expected slowdown in muscle cut exports to China.

Global cereal production is expected to be less than consumption requirements in 2021/22, leading to a drawdown in world inventories.

The EU pigmeat market is in a difficult situation due to increased production and decreased demand from food services and China. Prices have been falling steadily in the past months.

China remains the leading importer of Brazilian pork.

The label gives pig farmers the opportunity to differentiate themselves by going above and beyond the legal standards for animal welfare.

Overall feed production is projected to rise slightly during the remainder of 2021 and into 2022.

If forecasts are correct, it will be a record production year for Brazil's swine industry.

According to the Ministry of Agriculture of Russia, this year will see positive trends and production will exceed 5.5 million tons.

See the global pork production and trade forecasts for 2021 from the USDA's world markets and trade report.

Pork imports have been up this year due to better demand from consumers while imports of live hogs are down so far.

Pig meat was among the EU agrifood products that saw good performance in export value to China.

The government recognizes the Belgian pig industry as a sector in crisis until April of next year.