China: Livestock and Products Semi-Annual
Link to report:
Post forecasts economic headwinds will continue to impact consumption of both pork and beef in 2024. Swine and pork production in 2024 will be marginally down 3 percent as persistently low live hog and pork prices weigh on producers. However, pork imports may grow marginally to offset the forecasted decline in domestic pork production. Beef imports in 2024 could decline due to the high year-end inventory carried over into 2024 and an expected flat demand. Both swine and cattle imports could also decline due to financial challenges among producers.
