Swine news - Economy

Pork availability on the domestic market has grown considerably, putting pressure on negotiated pig and pork prices.

Davao del Norte’s Island Garden City of Samal (IGACOS) is a recipient of PHP10 million worth of projects aimed at boosting its swine production.

The U.S. hog census continues its downward trend. However, breeding swine stocks are slightly higher compared to the previous quarter and December 2021 results.

The average annual FAO Meat Price Index in 2022 as a whole was the highest in over thirty years.

Spanish pork production in the first nine months of 2022 was 1.78% below the same period of the previous year.

Cereal prices were 18% higher on average in 2022, pushing the average annual FAO price index to a new record high.

In the second half of 2022, areas including the largest restrictions under Commission Implementing Regulation 2021/605 were significantly changed.

The pig census has decreased by 5% to 5.8 million head compared to May 2022. There are also 350 fewer farms.

UK government has secured the removal of rules banning the export of certain pork products to South Korea.

As a result of a coordinated effort between the National Institute for Drug and Food Surveillance (Invima) and the Colombian Agricultural Institute (ICA), three Colombian establishments will be able to export frozen pork and canned meatballs in sauce to Singapore.

By the end of 2022, Russian pork producers will export about 170 thousand tons of products.

Reduced pork import duties have been extended to address supply issues and temper inflation.

EU agri-food exports and imports are both on the rise in September 2022.

The number of pig farms has also decreased by 43% in ten years.

Season forecasts depend on the sustainability of the cereal corridor in the Black Sea.

With pig numbers down 11% compared to November of the previous year, the downward trend continues rapidly.

Hog slaughter was up 5.0% year-on-year and up 2.4% from the previous quarter

The number of exported pieces in the first nine months of this year has increased by 10.78% compared to the same period in 2021.

Pigmeat consumption and production will start declining over the next ten years due to health, environmental, and social concerns.

Compared to November 2021, the total number of pigs is down 8.9% to 7.1 million, the lowest level in a decade.

There were increases in grain and oilseed prices for the Greater Rosario area. Meanwhile, high temperatures and tight soil water conditions continue to delay the planting of new crops.

Decreases are accentuated for corn production in Ukraine and the European Union; the latter would demand more imports of the grain to compensate for the drop in its domestic supply.