Hog Outlook

Ron Plain and Scott Brown
University of Missouri
October 31, 2014

USDA’s Foreign Ag Service released 2015 projections for global meat production and trade a couple of weeks ago. Projections show an increase in world pork production of 1.1% next year, compared to a 1.4% decline for beef production and 1.5% growth for chicken. China and the European Union continue as the world’s top two pork producers, with the U.S. number three. Projected growth of 5.1% for the U.S. in 2015 trails only that of Russia (6.4%) among major producers. China and to a lesser extent Mexico and South Korea are expected to increase pork imports next year, while Brazil, the U.S. and the EU see the largest jump in projected exports.

Click Here to Read More (agebb.missouri.edu)