Portugal: Significant increase in imports of live pigs
The import of pigs for slaughter increased by 18.5% in the first half of 2023 compared to the same period in 2022.
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The import of pigs for slaughter increased by 18.5% in the first half of 2023 compared to the same period in 2022.
Reductions are driven by lower pork exports to non-EU markets, mainly to China, continued high input costs, and imposition of new EU regulations.
After four months of being at the limit, the price is gliding down - seemingly without panic - in search of a bottom.
USDA has lowered its third-quarter pork production forecast due to expected lower average dressed weights.
The Spanish pig price can only go down. The million-dollar question is when.
Low numbers of slaughtered pigs on the EU market continue supporting high pig prices while EU demand stays high.
Prices in China are decreasing and approaching European levels.
The supply of live pigs is high while prices are low.
Mercolleida has had the same price for the 13th time in a row. Spain continues to have the most expensive pig price in the world in what is now known as the "Spanish Miracle".
What implications do current hog prices in Spain have for exports and slaughterhouses? How will we manage the typical reduced supply in the summer, exacerbated this year by PRRS?
Have you ever felt like you've been running in place?
This is the second batch of frozen pork this year to be purchased and stored in central reserves.
In April, international pork prices were the ones that rose the most.
Slaughterhouses will suffer a very complicated summer; in addition to the normal lack of pigs, there will be the absence of hundreds of thousands of piglets, victims of PRRS. Sooner rather than later, we will only be able to slaughter just four days a week.
Producers in both countries are struggling to be profitable as pork consumption is trending low.
European and American users are optimistic and forecast prices even higher than current levels, while in Asia the forecasts are lower.