Philippine swine inventory and production decreased in the third quarter
Swine population in both backyard farms and commercial farms posted decreases of 5.4% and 27.0%, respectively.
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Swine population in both backyard farms and commercial farms posted decreases of 5.4% and 27.0%, respectively.
On January 8, the DCE will begin trading futures for live pigs.
The cost of pork (excluding boneless pork) from January to October 2020 increased by almost 4%.
Prices are drifting down to close out the year and if you look to the futures as a guide for next year, it is boringly normal. This happens when people have no real idea what to expect…
In view of the unprecedented time we are living in, we are publishing this monthly commentary a few days early.
Pig prices in the European markets deteriorated significantly last week. The German market was the only one to hold out.
Shipments from Visayas and Mindanao will be increased starting this week to address the current low supply and artificial high prices of pork in public markets in Luzon.
The price of pork in Spain is the highest in Europe, both currently and in terms of the average so far this year (although the downward trend observed is irreversible in the short-term and will continue).
Pig production continues to recover. In September pork prices fell slightly. Corn and wheat prices are up, soybean prices are down.
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.
Year-on-year, the index is down 9.5 points (9.4 percent) from its value in the corresponding month last year.
In less than 48 hours German exports halted, so every week about 9,000 extra tonnes of pork need to be sold within the EU.
As pig production continues to recover, the pork supply is gradually improving, which is expected to keep Q4 pork prices lower than last year.
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.