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China’s Pork Outlook for 2024: Imports Rise as Domestic Production Declines
China’s pork industry is facing a mixed picture for the year 2024, as indicated by the latest report from the Global Information Agricultural Network by USDA’s Foreign Agricultural Service (FAS). The report forecasts a 1% decline in both swine production and pork products within the country for the upcoming year. However, amidst these challenges, there is a projected 20% growth in live pig imports, with an estimated 6,000 head set to be imported in 2024. This increase in imports is a significant step for China’s hog herd rebuilding efforts, although the numbers remain historically low.
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U.S. expected to produce and export less pork this year
The USDA has lowered its forecast for U.S. pork production as lower hog inventories and farrowing intentions lead to tighter pig supplies.
