EU Share of Pork Global Exports Continues Decline

Oct 16, 2023

European Union (EU) pork exports are expected to decline 25% in 2024 compared to 2019 and account for 15% of production, down from 19% in 2019, the USDA Foreign Agricultural Service reports in the latest Livestock and Poultry: World Markets and Trade report. In addition to growing regulatory burdens, the report notes EU swine producers continue to face challenges controlling the impact of African swine fever (ASF), which has resulted in a reduced swine herd and limited exports to some markets.

Meanwhile, global production in 2024 is forecast virtually unchanged year over year at 115.5 million tons, the report says. Lower production in the EU and China is mostly offset by larger production in Brazil, Vietnam and the U.S. EU pork production is forecast 2% lower year over year to 21.2 million tons.

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Video: What If Everything You Knew About Feed Inventory Was Wrong?

AI, Agriculture & the Future of Smart Farming with BinSentry CEO Ben Allen. Every day, livestock producers make thousands of dollars' worth of decisions based on one simple question: How much feed is actually left in the bin? For decades, the answer has often been an estimate.

In this episode of AgTech with Andrew, I sit down with Ben Allen, CEO of BinSentry, to explore how artificial intelligence, machine vision and real-time data are transforming one of agriculture's most overlooked challenges—feed and grain inventory management.
We discuss why some of the biggest inefficiencies in livestock production aren't happening in the barn, but throughout the feed supply chain. Ben shares insights from his career leading agricultural technology companies, explains why AI must solve real business problems to earn producer trust, and offers his vision for the connected farm of the future.

In this interview, you'll discover:
Why feed inventory has remained one of agriculture's biggest blind spots
How AI is reducing costly feed outages, waste and unnecessary deliveries
The hidden safety risks of traditional bin inspections
What separates successful ag technologies from those that never gain adoption
How connected farms are changing decision-making for producers, feed mills and integrators
Why real-time inventory may become as important as precision planting and autonomous equipment

Whether you're a livestock producer, grain farmer, feed manufacturer, ag retailer, nutritionist or simply passionate about the future of agriculture, this conversation offers valuable insights into where the industry is headed.