USDA pork update: production, exports and global market analysis

Nov 27, 2023

In the report “Livestock and Poultry: World Markets and Trade” published mid-October, USDA analysts state that world pork production in 2024 is expected to “remain virtually unchanged at 115.5 million tonnes.” Lower production in the EU and China will be offset by a little higher production in Brazil, Vietnam and the US.

Specifically, US production is forecast to be 2% higher in 2024 compared to 2023. This is due to a strong increase in pigs produced per litter. Falling feed costs also play a role, which makes pork prices more competitive compared to other meats.

US pork exports are forecast to increase 3% in 2024 “on strong demand from Canada, the Philippines and South Korea as well as gaining market share from the EU in China and Australia.”

Looking at total global pork exports, shipments are forecast to increase 2% to 10.4 million tonnes in 2024 as Brazil exports continue to gain market share from EU and US pork products, particularly in the markets of Japan and Mexico.

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Video: Farm Health Guardian | Digital Biosecurity in Real Time

Disease risk, biosecurity, and real-time monitoring continue to be major topics across the pork industry. In this episode of Swine Web Industry Perspectives, presented by Farm Health Guardian, we discuss how digital biosecurity and real-time data are changing the way producers think about herd protection, people movement, and operational decision-making.

The conversation explores:

disease risk in modern pork production,

the impact of people movement on biosecurity,

the importance of real-time monitoring,

digital biosecurity technology,

and how Farm Health Guardian developed tools designed to support modern swine operations.

As the industry continues focusing on prevention, preparedness, and operational efficiency, connected technologies and actionable data are becoming increasingly important parts of modern herd health management.