Global pork production revised down – USDA
Global pork production for 2024 is revised down 1% from the October forecast to 114.2 million tons on lower output in China, the EU, and Brazil, according to the most recent USDA World Markets and Trade report for livestock and poultry.
China production is revised lower as continued weak demand discourages expanding domestic production.
EU production is revised lower on continued regulatory pressure and changing consumer preferences.
Brazil production is revised lower as imports from top market China continue to weaken.
US production is virtually unchanged with declines in the farrowings offset by increased pigs per litter.
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