May 30, 2022

 

Argentina sees 2.43% drop in hog slaughter at end of Q1 2022

 

 

Argentina's hog slaughter decreased by 2.43% at the end of the first quarter of 2022, compared to the same period of 2021, going from 1,787,512 to 1,744,087 head.

 

Similarly, pork production decreased by 2.64% in the same period, reaching 161,258 tonnes. On the other hand, international trade figures indicate a 51.5% increase in the volume of imports for the period, from 9,386 tonnes to 14,219 tonnes, while exports fell by 81.8%, from 10,669 tonnes in the first quarter of 2021 to just 1,940 tonnes in the same period of 2022.

 

Per capita consumption for the month of March reached 17.7kg per inhabitant.

 

General live hog prices showed relative stability throughout the quarter, with slight variations that kept the price around $180/kg (US$1.51). The average price for the period stood at $181.1/kg (US$1.51), which represents a 52% increase compared to the same period of 2021.

 

According to the latest estimates report for livestock and poultry published by the United States Department of Agriculture's Foreign Agricultural Service on April 6, pork production is expected to grow by 0.7% in 2022, reaching 700,000 tonnes.

 

As for international trade, the UDSA projects a 20% increase in the volume of imports, which would reach 60,000 tonnes. A 40% drop in total exports is expected, which would be 12,000 tonnes.


- Economic Analysis Department of 333 Latin America

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