Argentina: General indicators for the swine industry in 2022
There was a strong increase in pork consumption, which was supported by the increase in domestic production and the decrease in international trade in both imports and exports.
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There was a strong increase in pork consumption, which was supported by the increase in domestic production and the decrease in international trade in both imports and exports.
According to Rabobank's report, "Global Pork Quarterly Q1 2023," supply is expected to be tight in the first quarter, with consumption facing uncertainty. Global pork trade will likely be limited. Rising inflation and high stock accumulated in 2022 will pressure import needs.
In December there was a sharp decrease in the number of pigs slaughtered with pig inventory decreasing less rapidly.
In its latest "Livestock and Poultry: World Markets and Trade" report from January 12, the USDA revised the closing figures for 2022 and its estimates for 2023, forecasting an increase in world pork production for this year thanks to an increase in China's domestic supply.
Production and export estimates for Brazil were revised upward, while import volumes for Mexico were revised downward.
Corn production is again forecast lower due to further declines in the U.S., Argentine, and Brazilian crops. For soybeans, a 4 million ton reduction in the Argentine crop is expected due to drought conditions affecting crop yields.
Here's how commodity production evolved in China in 2022.
China produced 55.41 million tons of pork in 2022.
The country's pork production is forecast to reach 1 million MT in 2023 as commercial pork producers plan to raise larger pigs.
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.
Spanish pork production in the first nine months of 2022 was 1.78% below the same period of the previous year.
Pigmeat consumption and production will start declining over the next ten years due to health, environmental, and social concerns.
The FAO has published the World Food and Agriculture – Statistical Yearbook 2022.
This month’s downgrade mainly concerns maize and, albeit by a smaller amount, wheat production.
ASF continues to be the key determinant in the global production of pig meat.
The latest report on corn and soybean crop estimates showed slight variations from the October report. Highlights include a decrease in European Union harvests and an increase in ending stocks for Brazil and Ukraine.