Swine news - Economy

In its latest report "Livestock and Poultry: World Markets and Trade" on July 12, USDA updated its estimates for 2023, maintaining its production figure and estimating a better outlook for international trade taking into account the possible greater momentum of shipments from the United States and Brazil.

Russian pork exports increased by 35-40% in the first 6 months of this year compared to the volumes in January-June 2022.

The positive results of the first semester are due to the growth of shipments to almost all buyers.

Prices in China are decreasing and approaching European levels.

Chinese imports of both pork and offal have increased in the first four months of this year.

Without Russia's participation, the Black Sea Initiative ceases to function as of July 18.

This corridor, which allows the export of cereals and fertilizers from Russia and the Ukraine, is of the utmost importance to maintain world food security.

In this new update, the projection for world soybean production was cut by more than 5 million tons compared to the June report, due to a lower planted area in the United States. Estimates for corn were slightly higher than in the previous report.

The agreement eliminates all tariffs on EU exports to New Zealand including pig meat.

Buenos Aires, Santa Fe, and Cordoba continue to account for more than 80% of the country's slaughter.

Faced with major economic difficulties in the slaughterhouse sector, the French government is launching a collective action plan.

The supply of live pigs is high while prices are low.

Led by another outstanding month in Mexico and robust demand for variety meat, exports of U.S. pork continued to gain momentum in May, according to data released by USDA and compiled by USMEF.

The monthly traded volume of soybeans closed in June 2023 at its lowest level in at least the last six and a half years.

While the FAO meat price index remained unchanged from May, world pig meat prices increased in June.

International maize prices saw a fifth consecutive monthly decline.

The USDA report "Concentration and Competition in U.S. Agribusiness" sheds light on the United States swine industry.

According to Eurostat data, fertilizer consumption in the EU fell by 2% in 2021.

Global agricultural and food production are projected to continue to increase over the next ten years, but at a slower pace of growth than the previous decade due to demographic trends, according to the OECD-FAO Agricultural Outlook 2023-2032.

At the beginning of May 2023, the number of pigs in Germany was 20.7 million head, down 7.3% from the previous year.

The legislation specifies that the term "meat" does not include an analogue product or a cell-cultured product and that these products must be clearly labelled as such.

As of June 1, there were 72.4 million hogs and pigs on U.S. farms.

After February’s exports bounce back, the EU agri-food trade continued to progress with a significant increase in exports in March.

So far this year, the state has exported 260.7 thousand tons of pork, an increase of 14.0% in relation to the same period in 2022.