Swine news - Economy

According to the latest estimates from the OECD - FAO Agricultural Outlook 2024 - 2033, Asia and Latin America will be the regions that will grow the most in the next 10 years, while Europe is expected to see decreases in its key indicators.

Planting intentions fell 30% compared to last year in the region. Fear of the lack of rains in September, La Niña, leaf hoppers, and the lower harvest price explain the drop.

The Government has established a common integrated system of official border controls for agri-food exports and imports.

The national strategy will enable Spain to take a leading position in the debate on sustainable food systems, which is already on the agenda of international organizations.

Spain is the main pork supplier to the Philippines, with 145,000 tons exported in 2023.

Jalisco and Yucatán grew the most last year, with rates close to 3%.

Russia quadrupled pork supplies to China in June to 3.8 million dollars

Positive factors support confidence building in pork supply chains, but risks remain.

For the first time in decades, fewer than ten tons of pigs were slaughtered. in Belgium.

These are the main findings of the latest monthly agri-food trade report published today by the European Commission.

In the first half of the year, pork production exceeded 380,000 tons.

The U.S. pork industry represents a significant value-added activity in the agricultural economy and a major contributor to the overall U.S. economy.

Trends in U.S. pork production and the current structure of production.

Feed inputs, like corn and soybean meal, account for an estimated 52% of total U.S. production costs.

The European Economic and Social Committee (EESC) calls for meticulous preparation on both sides and for adherence to EU values as new members join.

In the first five months of the year, almost 2.5 million head of pigs have been slaughtered.

In the first 6 months of 2024, animal feed and raw materials imports reached over 2.56 billion USD, a year-on-year increase of 9.6%.

The report “Evolution of Foreign Trade in the Spanish Swine Sector - Advance April 2024” presents a detailed analysis of trade in the pork sector.

The International Grains Council forecasts global total grain production at a new all-time peak of 2,321 million tonnes.

China continued to be the main export destination, despite a 16% decrease in shipments.

The Pig Board has approved measures to stabilize pig prices and reduce excess supply from the system.

One hundred farms have already applied for funding for more animal-friendly pig farming.

Forecasts for global production and ending stocks are revised upward due to better prospects for the U.S. crop. Soybean estimates remained practically unchanged compared to the June report.

In its latest “Livestock and Poultry: World Markets and Trade” report on July 12, the USDA updated its estimates for 2024, forecasting world pork production to be very similar to that in 2023. It also estimated a sharp drop in China's pork imports, which would return to levels before the ASF outbreaks in 2018 and lead major exporters to seek alternative markets.