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Pork global production is forecast virtually unchanged

According to a FAS biannual report "Livestock and Poultry: World Markets and Trade", pork global production is forecast virtually unchanged at 112.0 million tons on marginal expansion by most countries.

Tuesday 20 October 2015 (2 years 11 months 3 days ago)
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According to a FAS biannual report "Livestock and Poultry: World Markets and Trade", pork global production is forecast virtually unchanged at 112.0 million tons on marginal expansion by most countries. After three consecutive years of contraction, Chinese swine inventories are forecast stable in 2016 as lower feed costs and higher pork prices spur a slight increase in sows and improved efficiency (pigs per sow and industry consolidation). However, Chinese pork production will remain flat as a decline in slaughter offsets heavier weights. Russian production is higher on significant capacity investments, industry consolidation, stable feed prices and robust domestic demand

Exports by major traders are forecast 2 percent higher to nearly 7.3 million tons as robust supplies drive prices lower, stimulating consumption. Marginal increases in purchases by most major importers will more than offset a further decline in imports by Russia. Among key suppliers, only the United States will undergo significant export expansion.

U.S. production is forecast up 1 percent to a record 11.3 million tons on continued strong recovery from PEDv. Exports are forecast over 4 percent higher to 2.4 million tons as competitive prices will bolster shipments to most markets, particularly Mexico.

Friday October 9, 2015/ FAS-USDA/ United States.
http://apps.fas.usda.gov

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