Livestock and Poultry: World Markets and Trade

The article provides an overview of the global and US dynamics of the livestock and poultry market, with a focus on pork, beef, and poultry exports and production forecasts for major countries like China, the European Union (EU), the United States, Brazil, and Ukraine. It highlights the effects of African swine fever and COVID-19 on pork trade, noting a surge in China's pork imports that has since eased due to recovering domestic production and increased competition. The article also discusses the recovery in the EU pork market, the decline in US pork exports due to high prices and tariffs, and the growth in Brazil's pork exports to diversify markets. For beef, the forecast is for a slight global increase in production, with the US remaining the world's largest beef producer, and an expected contraction in the EU's beef production due to unprofitability. Poultry global exports are anticipated to remain steady, with Brazil being the primary exporter to offset the absence of Ukraine. In the US, a slight increase in poultry production is expected, alongside stable export volumes notwithstanding high prices reducing competitiveness. The article also mentions the impact of Highly Pathogenic Avian Influenza on poultry trade and the recovery of the market in various countries.