Argentina anticipates strong drop in 2024/25 corn planting
Corn could suffer a year-on-year decrease of 21% in area, representing 2 million hectares.
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Corn could suffer a year-on-year decrease of 21% in area, representing 2 million hectares.
The cost of PRRS has increased by 80% in the last decade.
Planting intentions fell 30% compared to last year in the region. Fear of the lack of rains in September, La Niña, leaf hoppers, and the lower harvest price explain the drop.
For the first time in decades, fewer than ten tons of pigs were slaughtered. in Belgium.
Positive factors support confidence building in pork supply chains, but risks remain.
Feed inputs, like corn and soybean meal, account for an estimated 52% of total U.S. production costs.
Denmark to become the first country in the world with a CO2 tax on agriculture.
About 564,000 ha more than expected were sown, resulting in a record corn planting in the core region. Production could have reached 17 Mt, but leafhoppers got in the way.
Agriculture remains impacted by several events outside farmers’ control, such as climate and geopolitical crises, which continue to exert pressure on farmers.
Pig feed production has fallen nearly 7% due to poor market conditions and the uncertainty caused by the nitrogen policy.
The average first-quarter live pig price is up nearly 10% from the past 3 years.
After the leafhopper attack, corn yields dropped 30% to around 6 tons/ha. The decrease may continue to worsen.
The soybean harvest started with good yields, but only 3% of the first soybean fields in the core region were harvested. Corn harvest is 30% behind the last 5 seasons.
Strong recovery in production drives higher crushes and exports in the new season.
Corn contracts have exhibited dynamism in the local market since the beginning of the year, driven by export demand. The harvest is advancing in Brazil with divergent projections.
According to Rabobank's "Global pork quarterly Q1 2024" report, production will slow in 2024.