Swine news - Economy

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.

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.

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.

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

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

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.

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

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

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

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

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.

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.

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

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

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

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.

The total number of hogs slaughtered increased by 118,998 head.