Swine news - Economy

French pig production decreased again in 2023, in line with the decreased pig herd. The pig price remained above €2/kg.

Exports of meat and meat products from Russia increased by 16% in the first nine months of 2024.

Higher U.S. corn exports were estimated and Chinese corn imports were cut again. Soybean figures remained almost unchanged, reflecting a bumper crop and an increase in ending stocks.

The Council discussed its priorities for the future common agricultural policy (CAP) after 2027, in order to ensure a competitive, crisis-proof, sustainable, farmer-focused and knowledge-based sector.

The Council discussed the main challenges the EU food chain is currently facing.

The country's imported wheat volume reached nearly 3.71 million tons, an increase of 20.6%.

So far, 175 pig farms have been bought out with the voluntary exit scheme created by the Flemish government.

Decreased production and apparent consumption are expected, as well as greater dynamism in the international pork trade.

Corn imports in the first eight months of 2024 reached over 6.93 million tons, worth over 1.72 billion USD.

Most main destinations recorded an increase in exports this year with the Philippines, Japan, and Mexico standing out.

EU cereal production is the lowest in the last decade and the EU oilseed production decreases.

EU pigmeat production is recovering in some EU countries indicating a mixed trend for the sector. Lower demand from China could slow down EU exports in 2024 and 2025.

The Italian Ministry of Health announced this following extensive negotiations.

In terms of revenue, this is the second-best monthly result in the entire historical series, second only to July 2024.

If current growth continues until the end of the year, imports could exceed 2 million piglets.

Danish Crown CEO Niels Duedahl has announced a comprehensive organisational adjustment to deal with the financial crisis facing the company.

The reduction in the number of pigs occurred especially in weaners.

According to preliminary statistics from the General Department of Customs, in the first eight months of 2024, exports of animal feed and raw materials reached over 672.84 million USD, down 15.1% compared to the first eight months of 2023.

Fueled by another outstanding performance from Mexico, August exports of U.S. pork increased year-over-year, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

This market opening reaffirms international confidence in Brazil's sanitary control system.

The total swine and market hog inventories recorded increases of nearly 1%, reflecting an increase in the average number of pigs weaned per litter.

In the first eight months of 2024, Russia exported over 400 thousand tons of meat, 11% more than in the same period last year.

Record pork production will enable year-on-year increases in domestic and foreign markets in 2025.

FILPORC is actively seeking to open up other markets, particularly in Asia.