Swine news - Economy

In its latest report "Livestock and Poultry: World Markets and Trade" on January 12, USDA recalculated the closing figures for 2023 and its estimates for 2024, forecasting a decrease in world pork production this year, due to lower productions in China, the European Union, and Brazil.

Compared to the December report, estimates for world corn production were improved, with higher crops forecast for the United States, China, and Brazil. Soybean projections for Brazil were cut again and forecasts for Argentina and the United States increased, keeping the global crop estimate for oilseeds unchanged.

Russia has obtained a veterinary certificate for the export of pork to China.

The Mexico-U.S. Commission for Prevention of Foot and Mouth Disease and Other Animal Exotic Diseases (CPA) reaffirmed its commitment to maintain its technical-scientific partnership to reduce the risk of entry and spread of pests and diseases that could endanger livestock in the North American region.

The pig inventory increased for the first time since November 2020. On November 3, 2023, there were 1.3% more head than six months earlier.

The total volume of pigs exported in 2023 will reach 12,276 tons. Vietnam's total pork export turnover increased 28% compared to 2022.

Shipments to China totaled just 1,749 t in the January-November period.

Spanish imports of Dutch piglets have been increasing steadily, having doubled in five years.

After five years, the Chinese market opens again for Belgian pork.

Fueled by record performances in Mexico, Central America, and Colombia, November exports of U.S. pork reached the highest value since mid-2021, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

Mexico has granted market access to British pork offal, which could generate an estimated £18 million over the next five years.

Pig farming accounts for over 62% of the total meat output of domestically produced livestock in the country.

Wageningen Economic Research has developed a new cost price calculation for pigs with the Better Life quality mark.

According to calculations by Cepea, pork consumption in 2024 could grow by 2.8% compared to last year

Summary of Vietnamese livestock production in 2023 and targets for 2024.

Argentina's corn, wheat, and soybean production and exports in 2023.

These are the main findings of the latest monthly agri-food trade report published by the European Commission.

With the Chinese market, total Russian pork exports could reach 400-500 thousand tons per year.

In the first nine months of this year, shipments to Vietnam almost doubled going from 35.7 thousand to 69.6 thousand tons.

This estimate is based on a study by Emater-MG, which also predicts an increase in the planted area.

The U.S. Department of Agriculture’s National Agricultural Statistics Service (NASS) has published its Quarterly Hogs and Pigs report.

The Chinese government continues to implement plans to reduce and replace soybean meal in animal feeds.

International pig meat prices fell in December, underpinned by weak import demand from Asia.

While for the year as a whole, the FAO Cereal Price Index was down 15% from the 2022 record annual average, international rice prices were up 21% annually.