Swine news - Economy

The Ministry of Agriculture and Rural Development reaffirms its commitment to strengthening Mexican pork production to reduce dependence on imports and move towards food self-sufficiency in pork production.

Compared to February, estimates for global corn exports were cut, which could be explained by a projected decrease in shipments from Brazil. Likewise, a significant drop in corn imports from China was estimated. As for soybeans, projections remained unchanged, except for a drop in ending stocks.

Production, trends, and challenges in China's swine industry.

China is the world’s largest importer of purebred breeding swine.

USDA forecasts China's swine production to grow in 2025 due to higher pigs per sow per year. Production growth is curbed by lower sow inventory.

Pork exports were slightly below last January’s large totals, despite another outstanding performance in Mexico and Central America.

Support should there be a closure of key export markets for Canadian pork products and live pigs due to an ASF outbreak.

China will impose additional tariffs on Canadian rapeseed oil, oil cake, peas, aquatic products, and pork.

Pork consumption will increase by 1.4% in 2024.

Pork imports are expected to be similar in 2025 while marginal growth is expected in pork exports.

Aurora will increase its pig slaughtering capacity in São Gabriel do Oeste.

This comes after the U.S. imposition of an additional 10% tariff on products imported from China.

In addition to representing about 19% of total per capita animal protein consumption, in the last year there was an increase of 1.2 kg per capita compared to 2023.

Pig meat prices softened, pressured by lower quotations in the European Union.

Wheat, maize, barley, and sorghum export prices increased while the FAO All Rice Price Index declined.

The EU proposes tariffs on Russian fertilizers to reduce dependence and protect European industry from the risk of market destabilization.

The new pricing initiative considers the ongoing challenges facing the pork industry, particularly the lingering effects of African swine fever.

An updated study quantifies the returns that beef and pork exports brought to U.S. corn and soybean producers.

Should the U.S. continue to apply tariffs on Canada, the government intends to impose additional countermeasures that could affect pork.

Despite the slight increase in production volume, exports grew nearly 10%, which could partly explain the decrease in consumption.

The slight increase in production with the significant increase in import volume and the decrease in exports suggests a recovery in apparent consumption, which more than returned to 2022 levels.

The swine industry is stabilizing after a historic low.

As of November 3, 2024, Germany had 21.3 million pigs (+0.3 % vs. 2023). The number of farms fell by 3.2% to 15,700.