The US recently participated in the International Pig Conference in Moscow with the goal of increasing visibility and tightening relationships with the Russian swine market due to the popularity of soy used for animal feed diets. The event was held digitally and not in person this year with over 850 attendees from 60 different regions of Russia and 15 other countries.
Pig breeding organizations, other leadership from the agribusiness sector, research and educational groups in the Russian swine industry attended the International Pig Conference.
Russia is currently the 5th largest pork producer in the world. And according to the National Union of Swine Breeders, the farming of pigs / swine is one of the most technologically advanced agriculture sections in Russia. Dr. Yuri Kovalev, who is the General Director of the National Union of Swine Breeders of Russia, stated that the country has reached self‑sufficiency in pork. This means they are now focusing on increasing pork exports.
Pork is looked at as the primary driver of production growth across all types of meat in Russia. According to the National Union of Swine Breeders, by 2025, the total production of pigs is projected to be 6 million tons in live weight.
The growth in Russia presents a huge opportunity for US Soy. During the conference, there was a large focus on the US Soy advantage in animal diets.
Dr. Gonzalo Mateos shared data on feeding programs for pigs from Spain where there is a ban on using feed antibiotics. Dr. Mateos presented science and practice-based data on the significance of pig diets that optimize digestive health when they are formulated with something containing a low crude protein and calcium, but with a high level fiber.
Dr. Mateos emphasized the energy content and soy differentiation by bean origin highlighting how the US is uniquely positioned to best serve this market with their Soy Bean Production.
So What Does This Mean for Soy Investments?
While this is only one region of the globe it is clear that significant investments and higher consumption of soy and likely US Soy will continue to increase demand keeping prices stable and growing.
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