Swine news - Economy

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As pig production continues to recover, the pork supply is gradually improving, which is expected to keep Q4 pork prices lower than last year.

After pandemic emergency measures are lifted and economic activities resume, Mexico is expected to see a more favorable year for the pork industry in 2021.

Swine production and slaughter will hit record lows in 2020 as ASF continues to impact China’s hog industry. However, the supply decline will bottom out in 2020, and 2021 beginning hog and sow inventories will be up.

Continued strong exports of EU pork and wheat helped to mitigate trade challenges in the first five months of 2020.

China, South Korea, Japan, Singapore and Argentina, First countries to close their borders to German pork after the confirmation of ASF.

This is another important turning point for the recovery of live pig production capacity following the year-on-year growth in the breeding sow census in June.

Today, the EU and China signed a bilateral agreement to protect 100 European Geographical Indications (GIs) in China and 100 Chinese GIs in the European Union against usurpation and imitation.

During the Informal Meeting of EU Agriculture Ministers, the Minister's initiative for an EU-wide animal welfare label met with broad support.

June exports of U.S. pork fell below year-ago levels for the first time in 2020, but exports remain on record pace for the year, according to USDA data compiled by the U.S. Meat Export Federation (USMEF).

Singapore, already a major importer of Brazilian pork, increased its purchases in 2020.

Over the past six years, Russia has reduced its food imports by a third - from $43.3 billion in 2013 to $30 billion in 2019. Pork imports have shrunk tenfold.

Between January and June the EU has exported 2,936,271 tonnes of pork.

World pig meat output is forecast to record a sharp contraction for the second year in a row, according to the FAO Food Outlook biannual report on global food markets.

According to a study by MAPA, grain production will reach 318 million tons in 2029/2030. Animal protein production will increase by 23.8%.

Pork shipments were up 55% in the first half of the year, while consumption reached an all-time high in June.

The mid-year meat price index is down 9% year-on-year and price quotations for pig meat fell in July.