Swine news - Economy

Once again, the production estimate for Argentina's crops was reduced as a result of the adverse weather conditions that have accompanied the development of the crops in this new season.

It should be noted that this news indicates progress in the admissibility process for the export of beef and pork to China; exports have not yet been authorized.

Mexico's agri-food trade balance with the United States saw a surplus of US$15.266 billion dollars, the highest in five years, according to the Ministry of Agriculture and Rural Development.

In the fourth quarter of 2022, Brazilian pig slaughter increased 2.7% compared to the same period of the previous year.

The figures for 2022 indicate strong domestic demand for pork, which boosted domestic production, imports, and consumption.

The commission was urged to ensure the supply of fertilisers, take action to bring down prices, and increase the EU’s strategic autonomy in fertilisers.

Canada and Mexico have recognized the two national organic systems as equivalent.

This year's first stockpiling work for state pork reserves is underway.

United States pork exports finished lower year-over-year in 2022 but export value was the third largest on record with record export volumes to Mexico.

Slaughterhouses produced around 4.5 million tons of pork in 2022.

There was a strong increase in pork consumption, which was supported by the increase in domestic production and the decrease in international trade in both imports and exports.

Poland's pig inventory totaled 9.62 million head in December 2022, a decrease of 6.0% compared to the same period last year.

Global pig meat prices fell slightly in January due to ample supplies of slaughter-ready pigs and lower-than-expected imports by China.

World prices of rice and maize rose, while those of barley and wheat fell in January.

According to Rabobank's report, "Global Pork Quarterly Q1 2023," supply is expected to be tight in the first quarter, with consumption facing uncertainty. Global pork trade will likely be limited. Rising inflation and high stock accumulated in 2022 will pressure import needs.

The Swine Production Cost Index in Brazil reached record highs in 2022.

In December there was a sharp decrease in the number of pigs slaughtered with pig inventory decreasing less rapidly.

These are the main findings of the latest monthly agri-food trade report published by the European Commission.

The combined index should be a better representation of the market evolution and thus contribute to greater transparency in the sector.

Production and export estimates for Brazil were revised upward, while import volumes for Mexico were revised downward.

The EU Commission has examined the draft law for mandatory labeling of animal husbandry in Germany and has expressed no objections.

In its latest "Livestock and Poultry: World Markets and Trade" report from January 12, the USDA revised the closing figures for 2022 and its estimates for 2023, forecasting an increase in world pork production for this year thanks to an increase in China's domestic supply.

Compared to other animal proteins such as beef and chicken, pork production exhibited the second highest growth in 2022.

Corn production is again forecast lower due to further declines in the U.S., Argentine, and Brazilian crops. For soybeans, a 4 million ton reduction in the Argentine crop is expected due to drought conditions affecting crop yields.