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U.S. expected to produce and export less pork this year
The USDA has lowered its forecast for U.S. pork production as lower hog inventories and farrowing intentions lead to tighter pig supplies.
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China expected to import 20% less pork in 2022
The United States Department of Agriculture estimates China's hog production in 2022 to reach 665 million head, a 2% increase over 2021 driven by high beginning stocks and more efficient sows. Producers’ losses as well as government policies designed to stabilize the swine herd are expected to temper production and swine sector volatility in 2022.
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Pork in cold storage down 6% on year
The USDA says domestic meat supplies in cold storage at the end of January were mostly below year ago levels.
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Spain: Expansion of the swine industry will be limited this year
According to a report by USDA, Spanish pork production may remain flat at 5 million tons in 2022, due to higher production costs, lower demand in China, and decreased domestic pork consumption. Future expansions in pork production will be limited to allow farms to adapt to meet new EU requirements under the Green Deal strategy.
