Swine news - Economy

Significant cuts were made to world corn export estimates compared to the February report, while global soybean production was again projected downward, largely due to losses and low yields in the Argentine crop.

Soybean harvest this season is forecast to be 20.6% higher than in the previous season, which indicates a recovery in the productivity of the crops that were affected by adverse weather conditions in 2021/22.

Substantial changes to the production of Prosciutto di Parma Protected Designation of Origin.

From 2023 onwards, pork production is expected to exceed beef production, widening the gap between the two proteins year after year until 2032.

The current "Black Sea Grain Initiative" agreement, which has allowed grain exports to date, expires on March 17.

The aim of the free trade agreement will be to boost trade and investment.

The European Commission has approved a €200 million Flemish scheme to compensate for the reduction or closure of pig production.

U.S. pork exports maintained momentum in January, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

Monthly EU trade flows of agricultural and food products reached a new record value in November 2022.

USDA provides forecasts for pork production in the European Union in 2023.

USDA projections for global pork production through 2031.

High feed grain prices are expected to impact slaughter numbers and pork production in the latter part of 2023.

New report outlines recent trends in United States meat consumption.

China's decision to end its zero-COVID policy restrictions is expected to improve demand for pork products in 2023. Pork production and imports are forecast to grow in 2023.

Over the course of 2023, pork production, exports, and consumption are expected to decrease while imports increase.

EU pork exports fell by 15% in 2022, largely due to a 40% decrease in exports to China, the leading destination.

The 1.4% decrease in the number of pigs slaughtered and the 2.3% decrease in pork production volume reflected the evolution of the pig invenotry.

Brazil has harvested only 23% of the 152.88 million tons forecast for the 2022/23 season.

A globally recognized event, Outlook Forum 2023 highlights shipments of corn, soybeans, and meat for the next decade.

The FAO Meat Price Index for pig meat increased in February.

The FAO Cereal Price Index was down fractionally from January and 1.4% above its level one year ago.

Last year, Mexico's global agri-food trade totaled 94.459 billion dollars, 53% of which corresponded to the country's sales to its trading partners, according to the Ministry of Agriculture and Rural Development.

As of December 1, 2022, Austria's pig inventory was 2.65 million head.

The regional results are compiled from Brazil, Mexico, Argentina, Chile, and Colombia, which together account for 90% of Latin America's swine production.