It is too late for the world's pig-keepers to react to the fast-developing feed crisis and as a result the risk of low global prices in 2012-2013 remains high, except in Europe where producers are quitting to escape the partial stalls ban and where tariff walls provide some protection against cheap pigmeat.
Even though corn (maize) futures are going through the roof, the United States department of agriculture expects United States pork supplies to increase both in 2012 and 2013.
The department of agriculture has shaved its supply figures slightly, compared to earlier forecasts, but will likely wait until the feed supply picture becomes clearer before being more aggressive in projecting pork supplies for next year.
Pork exports now account for about 22 percent of United States pork production. The forecast is for pork exports in 2012 to be 4.1 percent higher than a year ago.
• This page reported in May that the United States currently has its largest pig population on record and Chinese pig production is recovering from its recent lows.
With these two pig production behemoths poised to produce record numbers of slaughter pigs, producer prices are likely to come under pressure over the next 12 months.
Meat Trade News Daily Supporting British Pig Farmers
Source: Pig World
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