MARKET NEWS for pig meat
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1 MARKET NEWS for pig meat Market analysis 18 June 2018 Week 25 MARKET SITUATION Europe: Trading in fresh legs and other cuts is at unchanged prices. UK: Sales remain stable. Sales are reported as sluggish for China and stable for Japan. Slaughterings in Denmark Week 21 Week 22 Week 23 Week /2017 Total 311, , , % Danish Classification Control Service representing around 98% of all finished pigs and sows slaughtered, excluding culled pigs. FUTURES Chicago ($ per 100 lbs slaughter weight) 15/6 8/6 Change 2018 Jul Aug Sep Oct Nov Dec Jan Feb Apr May Jun Jul Aug Oct Dec Conversion factors: 1 lb = kg $ =
2 EU 2 African Swine Fever According to the EU C ommission s reporting system for the outbreak of disease, the following outbreaks of ASF were reported for the following and Ukraine up to and including 10 June. Countries Period Year to date 4 June 10 June 1 Jan 10 June Pigs Wild boar Pigs Wild boar Estonia Latvia Lithuania Poland Italy 3 24 Ukraine Czech Republic 28 Romania Hungary 4 18 RUSSIA African Swine Fever Last week, Russia reported eight cases of ASF from the previous weeks. One case was discovered among wild boar while seven were at small pig farms where 339 pigs were affected. Four of the cases were in the Kaliningrad region, a Russian enclave between Poland and Lithuania on the Baltic Sea. The others were in south and west Russia. MOLDOVA African Swine Fever Last week, Moldova reported one outbreak of ASF at a small farm of 22 pigs. CHINA Foot and mouth disease Last week the Chinese authorities reported three cases of foot and mouth disease at three cattle farms comprising 36, 60 and 63 head of cattle. The three cases were located in the provinces of Hubei, Shanxi and Anhui.
3 CHINA 3 Import tariffs reduced from 1 July China has announced that import tariffs on a range of consumer goods will be reduced with effect from 1 July. Included in the products are a number of processed pig meat products and sausages where import tariffs will be reduced from 15 to 5 per cent. CHINA/ USA China imposes higher tariffs on American products As a retaliatory measure against President Trump s new U.S. import restrictions on Chinese products, China has announced that import tariffs of 25 per cent will be imposed on approximately 500 American agricultural products with effect from 6 July. At the time of writing, it is unclear whether the new list of products will mean additional tariffs on U.S. pig meat. So far, the list contains the same American pig meat products that already carry import tariffs of 25 per cent. USA Seaboard Triumph Foods will begin slaughtering in two shifts in October Seaboard Triumph Foods announced last week that from mid-october, they will switch from one shift to two at their new slaughterhouse in Sioux City, Iowa. This will mean an increase in slaughterings from around 10,000 pigs per day to around 20,000. The new slaughterhouse in Sioux City began slaughtering on 5 September last year. The operation is a joint venture partnership between Seaboard Foods and Triumph Foods. The latter is owned by pig producers while the former is a subsidiary of Seaboard Corporation. EU Pig meat exports The EU Commission has published preliminary figures for EU pig meat exports (measured in slaughter weight) for the period January April 2018 compared to the same period last year. EU-28 pig meat exports Slaughter weight, tonnes Jan-April Jan-April % change China 463, , Japan 147, , South Korea 121,498 97, Philippines 94,701 81, Hong Kong 90, , USA 62,119 50, Other 319, , Total 1,298,559 1,295, PHILIPPINES Increasing pig production in Q Asian Agribusiness reports that pig production in the Philippines increased by 2.4 per cent to 558,720 tonnes in Q This is the highest ever production in the country for the first quarter of the year.
4 4 PHILIPPINES Pig meat imports Jan-March Fresh/frozen pig meat Jan-March 2017 Jan-March 2018 % change 18:17 Canada 4,423 4,735 7, Germany 3,886 3,445 5, USA 495 1,916 2, France 3,251 2,163 1, Spain 1,045 1,441 1, Holland Brazil Australia Denmark UK Ireland Belgium Others Total 14,890 16,055 20, By-products Jan-March Jan-March Jan-March % change :17 Germany 8,882 10,715 10, Spain 7,827 7,897 9, USA 3,965 4,800 5, Holland 3,354 2,305 4, France 3,692 2,209 2, UK 1,348 1,487 2, Belgium 2,987 2,430 2, Canada 3, , Denmark 1,325 1,431 1, Ireland , Australia Others Total 37,637 35,448 43, Pigs liver Jan-March Jan-March Jan-March % change :17 Australia Ireland Spain 1, Holland 772 1, Germany UK Canada Belgium Denmark Others Total 5,207 4,097 4,
5 5 DENMARK Denmark s pig meat exports, tonnage Jan - Mar 2018 Live pigs Processed canned Bacon Whole and half pigs/sows Cuts Sausages Total Per cent Germany 5,915 48,655 1, ,861 68, , Poland , , , UK 1, ,652 10, ,444 2,567 45, Italy 499 5, , , Holland 2,615 3, , , Sweden 2, ,012 1,150 8, France , , Spain , , Other EU 2,742 3, , , Total EU 16, ,206 6,369 10,757 21, ,968 6, , China 41, , , Japan , , , Australia , , USA , , , South Korea , , Taiwan , , Philippines 1, , Canada , , Hong Kong , , Other 3rd 3, , ,687 1,657 9, rd, total 48, , ,927 2, , Exports, total 65, ,798 11,969 11,241 21, ,895 8, , Jan - Mar 2017 Byproducts Byproducts Live pigs Processed canned Bacon Whole and half pigs/sows Cuts Sausages Total Per cent Germany Poland UK Italy Sweden Holland France Spain Other EU Total EU China Japan Australia USA South Korea Taiwan Philippines Hong Kong Canada Other 3rd rd, total Exports, total
6 Top 10 importers of Danish pig meat measured by value The following chart shows the top 10 for Danish pig meat exports ranked according to value for the period January-March All pig meat (including live pigs) is included. Jan-Mar 2018 Jan-Mar 2017 Value in Value in Country DKK DKK Tonnage million million Germany 1, ,404 1, ,152 Poland 1,060 77,982 1,074 66,644 Japan , ,652 China/Hong Kong , ,681 UK , ,398 Italy , ,101 USA , ,193 Australia , ,737 Sweden 166 8, ,860 France 112 4, ,660 Top 10 total 6, ,996 6, ,076 Other 1,001 58, ,071 Total 7, ,003 7, ,148 Top 10 importers of Danish pig meat, DKK million DKK million jan. - mar jan. - mar Tyskland Polen Japan Kina/Hong Kong UK Italien USA Australien Sverige Frankrig Germany Poland Japan China/Hong Kong UK Italy USA Australia Sweden France Top 10 importers of Danish pig meat, tonnage jan. - mar jan. - mar Tyskland Polen Japan Kina/Hong Kong UK Italien USA Australien Sverige Frankrig Germany Poland Japan China/Hong Kong UK Italy US Australia Sweden France
7 S:\EA\Svin\Markedsnyt\2018\Markedsnyt 2018 uge 25.docx / 18. juni
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