Chinese hog production declines on smaller sow inventory
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China
Published Mar 16, 2023
Tridge summary
Low hog and pork prices in 2022 forced many producers to reduce sow inventory.
Original content
Chinese hog production in 2023 is forecast to decline 2% to 700 million head due to a lower, on average, sow inventory in 2022 compared to 2021, USDA Foreign Agricultural Service (FAS) reported in a new Global Agricultural Information Network (GAIN) report. The reduction comes after low hog and pork prices in 2022 forced many producers to reduce their sow inventories in 2022, although the inventory did rebound late in the year due to a recovery in hog prices. FAS China staff member Alexandra Baych noted that animal diseases, such as African swine fever (ASF), are expected to be endemic, increasing production costs for the sector. However, she said that the effect of ASF outbreaks on commercial production has become limited as producers appear to have adjusted production practices to manage outbreaks. Pork production to rise on higher demand The 2023 Chinese pork production forecast has been revised higher to 55.5 million metric tons (MMT) as demand for pork products is expected to ...
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