Canada: Pig slaughter, pork imports, exports all up in 2020
Hog slaughter in Canada is up slightly from 2019 while exports have increased 18% year-on-year in the first three quarters of 2020.
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Hog slaughter in Canada is up slightly from 2019 while exports have increased 18% year-on-year in the first three quarters of 2020.
The positive net trade balance remained boosted by continued strong exports of pig meat, wheat and coarse grains.
The FAO forecasts global coarse grains and oilcrop production in 2020 to increase to record levels.
An expected drop in pig meat production, mostly in Asia due to ASF, is responsible for much of the foreseen 0.5% downturn in global meat production in 2020.
The United Kingdom imports 60% of its pig meat. This has implications for both how the market responds to coronavirus related national lockdowns and the upcoming end of the Brexit transition period.
Portugal continues to expand its swine sector driven by increasing foreign demand, mainly from Asia. Portuguese live swine exports to Spain have boomed due to tight Spanish hog supplies.
Following Belgium's self-declared "ASF free" status, the Philippines has lifted the temporary ban on the import of domestic pigs, pork, and semen originating from Belgium.
Spanish producers should make it a priority to be more efficient and should realize that growth cannot continue indefinitely.
Despite COVID-19 and uncertainties related to Brexit, EU27 agri-food trade continued to grow in the first six months of 2020, the net trade balance boosted by continued strong exports of pig meat.
Global pork production forecast to be higher in 2021 due to recovery from both ASF and COVID-19. Demand from China to fall 6% and US production expected to be up slightly.
China works on developing its livestock industry to rely less on foreign imports of pork.
There was a 4.5% reduction in the number of pigs slaughtered in the first half of 2020 compared to the same period of 2019.
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.