Page 10 of articles about production

The Canadian swine herd is forecast to contract in 2024 as sow barns are idled and processing capacity is removed in Eastern Canada.

Nine regions saw increased hog production during the quarter.

Improved profitability is expected to support a temporary rebound of slaughter during the second half of this year. With the absence of a full recovery of pork sales to China, the sector is attempting to diversify exports and resetting its focus on the domestic market.

Contrary to the expected cut in the world corn crop, given the adverse effects of the El Niño phenomenon in the United States, the estimate was slightly higher compared to the August report. As for soybeans, the total projection was again reduced due to the lower production expected in the United States.

In the first half of 2023, pig slaughter in Portugal decreased by 6.1%.

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.

Reduced production, higher pig prices, and lower consumer demand has led to a challenging trading marketplace for pig meat in the UK.

So far this year, pork production has shown positive monthly growth rates, which go hand in hand with the increase in animal weight.

High carcass prices and strong domestic retail demand will drive greater pork production. Recently lowered tariffs further incentivize imports of certain prepared pork products.

This is how Japan's swine inventory, pork sales, and pork imports have gone so far in 2023.

USDA has lowered its third-quarter pork production forecast due to expected lower average dressed weights.