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USDA Livestock & Poultry: World Markets & Trade


17 April 2015

USDA Livestock & Poultry: World Markets & Trade - 17 April 2015USDA Livestock & Poultry: World Markets & Trade - 17 April 2015


USDA Livestock & Poultry: World Markets & Trade

Pork

• Exports by major traders are revised 5 percent lower to 6.8 million tons as a reduction in shipments by China, the United States and Brazil are not expected to offset gains by the EU. Aggregate import demand is negatively impacted by lower Russian imports due to its economic woes as well as the ban on shipments from key suppliers and disease-based restrictions. EU export expansion is supported by favorable prices in a number of markets including China.

• U.S. production is revised 1 percent higher to a record 11.0 million tons as a lower incidence of porcine epidemic diarrhea virus (PEDv) is expected to bolster slaughter-ready hog supplies. Despite increased production and competitive domestic prices, U.S. exports are forecast 9 percent lower to nearly 2.2 million tons as a strong dollar curbs demand.

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