Sharp drop in prices!
Pig prices in the European markets deteriorated significantly last week. The German market was the only one to hold out.
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Pig prices in the European markets deteriorated significantly last week. The German market was the only one to hold out.
The 0.7 percent growth was due to the increases in crop and fisheries production. Declines in outputs were recorded for livestock and poultry.
Portugal continues to expand its swine sector driven by increasing foreign demand, mainly from Asia. Portuguese live swine exports to Spain have boomed due to tight Spanish hog supplies.
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).
The live pig census has been restored to 84% compared to 2017 levels, and pork prices are falling.
Spanish producers should make it a priority to be more efficient and should realize that growth cannot continue indefinitely.
Lots of things brewing out there with both supply and demand. Rarely do we get such action at the same time on both sides of the price determination.
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.
In the first half of 2020, 2.6 million tons of pork were produced in Germany.
The latest short-term outlook report for EU agricultural markets, by the European Commission, presents trends and prospects for cereals, oilseeds, and pigmeat.
There was a 4.5% reduction in the number of pigs slaughtered in the first half of 2020 compared to the same period of 2019.
The 261 pig farms left empty due to African swine fever can now be gradually restocked.