Both EU beef and pork production, as well as exports, are forecast to temporarily increase this year. Beef production will increase because of high carcass and beef prices combined with an overall dim outlook for the sector, incentivizing farmers to slaughter their cattle. A major outlet for the elevated beef production is Turkey. Pork production will increase as a result of an ample supply of piglets combined with low feed prices. Domestic and export outlets for the additional pork production are limited, and as a consequence, prices are forecast to fall resulting in a lower production of pork next year.
Paraguayan beef exports in 2025 are forecast down at 450,000 tons carcass weight equivalent with an expected smaller beef supply after a very large slaughter in 2024. A severe drought in the western region forced many producers to send a greater number of cattle to market than previously planned. Local traders believe exports to the recently opened markets of the United States and Canada could increase as a result of the current strong demand in those markets. Paraguay is expected to be eligible to ship to Mexico sometime in 2025.
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