Profits are in the $80 per head range and big companies are making plans for expansion. Russian pig prices are now almost double compared to those offered in markets such as Canada, the US or Brazil. Without almost any pork imports, the industry is thriving in the domestic market, prices reaching 123 rubles ($1.82)/kilogram live-weight. At this time, Russia has 1.8 million sows but the industry is expanding, big companies planning to add between 250,000-300,000 sows in the next 4 years, according to a global report issued by Genesus. "Most if not all the major Russian companies are expanding or have expansion plans. If expansion leads to exports and that. Read more...
The China pork market continues to be the wildcard for the hog price prospects for both the North American and EU markets. There are several truths. China’s domestic hog price is $1.25 USD liveweight per pound. The US price live is 52? per pound, while the EU-US price equivalent is 54? per pound. The price spread between the US and EU prices and China is just under $200 USD per head. No matter what Chinese statistics you look at, there has been a massive liquidation of sows, somewhere between 10 – 12 million sows. A number so large it is almost incomprehensible at almost twice the North American sow herd and almost equivalent to the EU sow herd. The. Read more...
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