China's imports of breeding swine, pork expected to decline in 2023
Imports of cattle, beef forecast to decline to 300,000 head
By: Global Ag Media
via The Pig Site - 14 September 2022
According to the USDA's latest Global Agricultural Information Network (GAIN) report, China's imports of breeding swine and pork are expected to decline to 5,000 head and 1.85 million metric tons (MMT) in 2023, respectively, due to lower domestic hog and pork prices.
Consumer price sensitivity and competition among producers are expected to constrain pork and hog price increases, squeezing margins.
Strong carryover stocks of beef cattle from 2022 into 2023 will support an increase in cattle and beef production to...