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July Pork Export Volumes Higher Year-over-Year

15 September 2016

US - US pork exports posted solid results in July, with volumes trending higher than a year ago, according to statistics released by USDA and compiled by the US Meat Export Federation (USMEF).

July pork exports to China and Hong Kong were the smallest since February, but volume was still up 73 per cent year-over-year to 47,701 mt, while value climbed 60 per cent to $94 million. For January through July, exports to the region were up 79 per cent in volume (332,601 mt) and 63 per cent in value ($634.5 million).

Pork export volume to Mexico dipped in July (54,805 mt, down 6 per cent), but value climbed 15 per cent to $113 million. This was the highest monthly value total of 2016, with unit values up 22 per cent, reflecting a notable improvement in ham prices. For January through July, exports to Mexico were down 8 per cent year-over-year in volume (379,550 mt) and 5 per cent in value ($679.1 million)

US exports of chilled pork to Japan remain on a record pace at 126,394 mt, up 12 percent through July. So although Europe is dominating Japan’s frozen pork imports for further processing into ham and bacon, US exports of high-quality chilled pork have fully rebounded from the West Coast port issues of 2015 and are reaching new heights.

Total US exports to Japan slowed again in July to 30,479 mt (down 6 per cent), putting the year-to-date total at 223,341 mt, down 12 per cent. Export value to Japan was $879.5 million through July, down 10 per cent.

Led by strong demand in Honduras and Guatemala, exports to Central America continue to shine in 2016. Through July, exports to the region increased 16 per cent from a year ago in volume (36,536 mt) and climbed 8 per cent in value ($85.7 million). Exports to the Dominican Republic were also strong in July, pushing January-July volume up 3 per cent from a year ago to 15,008 mt, while value was down 3 per cent to $32.1 million.

July was also a strong month for pork exports to Canada, pushing January-July totals ahead of last year’s pace in both volume (113,694 mt, up 2 per cent) and value ($454.3 million, up 1 per cent).

Exports to Australia also remained above year-ago levels in July, pushing the year-to-date total to 39,010 mt (up 9 per cent) valued at $106.5 million (down 3 per cent).

“While it is encouraging to see the strong results in China/Hong Kong continue, the reality is that China’s domestic pork prices have fallen and import demand has slowed,” Seng explained.

“That’s why it is so vitally important that we defend US pork’s market share and further expand demand in markets around the world. The competitiveness of US pork is also improving, and this should boost exports through the end of the year.”

ThePigSite News Desk

Top image via Shutterstock



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