Serious crisis in Central Europe - peering into the ground
Guillem Burset predicts when the Spanish pig price will bottom out, and even dares to give us a number!
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Definition for the most commonly used pig terms
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Guillem Burset predicts when the Spanish pig price will bottom out, and even dares to give us a number!
Spain's production has grown 90% in 32 years, from slaughtering 29 million head of pigs in 1989 to slaughtering more than 56 million in 2021. Explosive growth no matter how you look at it.
July pork exports were driven mainly by growth in Mexico, Central America, Colombia and the Philippines.
According to the FAO meat price index, global pig meat prices fell in August due while bovine, ovine, and poultry meat rose.
While poultry, ovine, and bovine meat prices increased, global pork prices fell in July.
According to Rabobank's quarterly report, redistribution of pork trade could place downward pressure on pork prices in exporting regions.
September will show in all its harshness the precariousness of the present moment: pigs will arrive for slaughter in droves and it remains to be seen whether slaughterhouses will be willing to process those pigs whose pork they cannot sell.
We are so unmoored from “normal” that it makes sense to situate the current pork industry within the current macro environment.
In June, price quotations for all meats represented index rose, according to the FAO Meat Price Index.
The OECD-FAO Agricultural Outlook provides projections for world oilseed and cereal markets for the period 2021-2030.
The volume of pork on the Chinese market has continued to increase recently. In May, the slaughter volume increased 44% year-on-year.
For the first time in 20 years, Spanish prices fell in June. We are in an extremely exceptional situation that must be corrected as soon as possible.
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.
The FAO Meat Price Index continues to rise, up 10% from last year.
The pig price in Spain is the most expensive in Europe and Burset predicts that it is very close to the upper limit. China is decreasing imports, buying at cheaper prices, and therefore, is absent in the Spanish market.
After pushback to an executive order lowering tariff rates of pork, a compromise reduces market access gains.