Mexico: Record imports of U.S. pork
In August Mexico imported 47% more U.S. pork compared to the same period last year.
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In August Mexico imported 47% more U.S. pork compared to the same period last year.
Spain continued to hit record levels in production and exports in 2020. USDA forecasts Spanish pork industry trends for 2021 and 2022.
Overall feed production is projected to rise slightly during the remainder of 2021 and into 2022.
Pork imports have been up this year due to better demand from consumers while imports of live hogs are down so far.
See the global pork production and trade forecasts for 2021 from the USDA's world markets and trade report.
Now that slaughterhouses are recovering from backlogs due to COVID-19, what will next year have in store for Canada's swine industry?
Australian pork production is estimated to reach a record in 2021 and continue at this high level in 2022.
Swine production to increase in 2022 following a rebound in the sow population. Pork production is expected to increase 2% to meet strong demand for domestic pork.
The Mexican market is now open for British pork for the first time, which means a potential boost of £50m for the UK over the first five years of trade.
USDA predicts that pork production in China will decrease in 2022 due to low inventories and a smaller sow herd.
According to Rabobank's quarterly report, redistribution of pork trade could place downward pressure on pork prices in exporting regions.
Since last May, Chinese imports of pork and offal have been below the values of the same month of the previous year.
Pork imports spiked from April to early June, following a series of executive orders cutting tariffs and increasing the allowable import volumes.
From January to May of this year, pork imports have increased by 65%.
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.