EU Forecasts Further Decline in Pig Meat Production

In the latest EU short-term outlook, production of pig meat is forecast to decline by a further 5% in 2023, this follows a decline of 5.6% in 2022, the lowest production in almost a decade. This is a result of the decline in the number of breeding sows on the continent with commentary that carcase weights may see a slight uplift as price pressure on feed costs ease. It is assumed that the ASF situation on the continent will not see dramatic change in 2023 but will continue to trigger strong responses from affected countries and trading partners.