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Korea: an increase in total swine inventory is expected in 2016

The effect from increased sow numbers that began in March 2014, and has continued to increase up to June 2015, will result in an increased total swine inventory in 2016.

Tuesday 29 September 2015 (3 years 22 days ago)
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The effect from increased sow numbers that began in March 2014, and has continued to increase up to June 2015, will result in an increased total swine inventory in 2016. This high inventory will manifest in increased slaughter numbers in 2016, according to FAS-USDA.

The profit level for swine producers has continued to increase after suffering a loss in 2013 whe n carcass prices dropped below the breakeven point of 4,000 won/kg. The average carcass price in 2014 was 5,022 won/kg. in 2014, and is maintaining an average of 5,380 won/kg. as of August, 2015. Such high profits will induce farmers to increase their he rd size during the second half of 2015, and the increased herd size will also impact the total herd size in 2016 with a continued increase

Pork production is projected to continue to increase into 2016 as a result of high total swine inventories. The effect on total pork production from the FMD outbreak that began on December 3, Meat, Swine 2014, is minimal so far with the total number of swine culled up to August, 2015 limited to 117,000 head from 185 farms.

 

Tuesday September 22, 2015/ FAS-USDA/ United States.
http://gain.fas.usda.gov

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