China: Profitability in second quarter as production decreases
What has the hog production situation been like recently in China? What measures have been taken to stabilize hog production?
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What has the hog production situation been like recently in China? What measures have been taken to stabilize hog production?
Danish Crown’s ambition is to be one of the most efficient abattoirs in Europe and to sell many more processed products to the European market. Consequently, it is proposed that the group’s abattoir in Ringsted be closed while at the same investing and creating new jobs in Horsens, Herning, Blans and Vejen.
In its latest report "Livestock and Poultry: World Markets and Trade" released on April 11, the USDA revised its estimates for 2024, forecasting a decrease in world pork production, which would be due to lower production in China, offset by increases expected in the United States, European Union, and Brazil.
Danish Crown concedes that its prior utilization of statements regarding climate actions did not meet the standards outlined in marketing legislation.
The 2023/2024 grain harvest is estimated at 294.1 million tons.
The average first-quarter live pig price is up nearly 10% from the past 3 years.
According to the National Bureau of Statistics, Chinese pork production saw a slight decrease in the first quarter.
On April 2, another Russian enterprise sent 167.99 tons of pork by-products to China.
Brazilian pork exports fell sharply in March, with the lowest volume and revenue since February 2023.
Mexico and the United States strengthened training programs for agricultural producers and laboratory personnel.
The interim relief judge ruled that there were serious doubts about the legality of the ban, which was to take effect on May 1.
After the leafhopper attack, corn yields dropped 30% to around 6 tons/ha. The decrease may continue to worsen.
World corn projections were lowered by 2.4 million tons compared to the March report. Soybean production, trade, and ending stock projections were cut slightly.
Price expectations remain high in European countries and South Africa, stable in Asia, and variable in the Americas.
Currently, the hog price in Poland is trending upward. Is it possible to make a profit with today's production costs?
According to Cepea, the good export pace reflects the negotiations of fixed-term contracts which took place in 2023.