Northern Europe has experienced price increases in the second half of February due to a significant decrease in production and slowly improving demand. In Germany, pork production fell by 9.2% in 2022, leading to a decrease in supply. Belgium, Austria, and France have also reported price increases due to this supply shortage. In Spain, pork prices have hit record highs due to the pig shortage. In the United States, there has been a slight increase in slaughter numbers and pork prices are beginning to recover from their decline. Meanwhile, in China, pork prices have remained low, unable to cover production costs, but there has been a faster consumption growth during the Chinese New Year celebrations.