Pork producer leaders stress importance of exports

by 5m Editor
13 June 2007, at 10:58am

DES MOINES - Pork producers' profits the past three years have been due in large part to exports, and the National Pork Producers Council wants to make sure those opportunities continue.

NPPC President Jill Appell, an Altona, Ill., pork producer, said at last week's World Pork Expo that U.S. pork producers ship about 15 percent of the pork they produce overseas annually. Since 1989, U.S. pork exports have increased from $394 million to $2.6 billion due to access to free trade agreements.

"The bottom line for U.S. pork producers is that today we receive $33.60 more per hog marketed because of exports," Appell said.

NPPC last week sent a letter to every member of Congress urging them to support free trade agreements with South Korea, Colombia, Peru and Panama. The deals will eliminate tariffs and barriers to trade that limit U.S. pork producers.

Appell said the free trade agreement with South Korea is the most important. The country is the fourth-largest export market for U.S. pork. The agreement would give U.S. pork producers preference over other pork trading countries.

Appell said research by Iowa State University economist Dermot Hayes shows that when fully implemented, the South Korean free trade agreement would raise live hog prices by $10 per pig.

Hayes' research shows that the Colombian agreement would boost prices by $1.63. The Peru agreement would add 83 cents to pork prices and the Panama agreement would add 20 cents.

Source: Agri News

5m Editor