Page 20 of articles about costs

Pork production in 2012 is forecast to jump four percent to 51.3 MMT from an estimated three percent decline in the previous year.

The Canadian pork industry is pleased to learn that the Canadian Food Inspection Agency’s (CFIA) fees for endorsing export certificates will remain at the same level for another two years.

Within the framework of FAO, one of the first meetings of the System of Agricultural Market Information (AMIS) and the Rapid Reaction Forum took place in Rome this past September.

Hog producers are likely to respond to lower feeding spreads by reducing the weights at which they market hogs for slaughter. However, packer discounts for underweight animals are likely to limit producer incentives to reduce slaughter weights too sharply.

The InterPIG report, which has been produced annually for the last nine years, looks at the figures from a dozen countries across Europe plus Canada and Brazil.

Of the 1 billion pigs being raised in the world, about half are in China, where pork consumption is increasing as the Chinese economy develops. As a result, pork prices are rising, a trend that is impacting the world economy.

The House Committee on Agriculture’s Subcommittee on Livestock, Dairy and Poultry heard firsthand the challenges the livestock and poultry industries face and expect to face in the coming years because of tight feed grain supplies.

VEVA proposes the voluntary reduction of sows by 20%, going from 500.000 actual sows to 400.000.

A new study, underwritten by the Pork Checkoff and conducted by Iowa State University, estimates that porcine reproductive and respiratory syndrome (PRRS) continues to be a major drag on the U.S. pork industry.

The Department of Internal Trade (DIT) under the Ministry of Commerce has stopped announcing recommended pork prices after finding price fluctuations are volatile and supplies are still in shortage.

The French Competition Authority has approved the voluntary agreement between producers, processors and distributors in the swine, bovine, and agricultural sectors in order to minimize the impact of raw material price volatility, signed on May 3rd.

U.S. corn futures for December closed at $6.58 per bushel on the Chicago Board of Trade on July 12, gaining 25.25 cents (4%) since June 29 and 68% from the same time in 2010.

The French Minister of Agriculture, Bruno Le Maire, met this week with representatives of producers, processors and distributors of the swine, cattle and poultry industry in order to sign a voluntary agreement between the parties with the objective of reducing the volatility of prices in the livestock sector.

As the price of pork rises, Koreans are giving up their beloved pork belly to seek alternative cuts and sources of protein.

The FAO Food Price Index has dropped for the first time after eight months of continuous price spikes. The Index averaged 230 points in March 2011, down 2.9 percent from its peak in February, but still 37 percent above March of last year.