Competitors begin to whittle away U.S. pork’s market share in Mexico

First quarter pork volume to Mexico was down 13% year-over-year to 177,420 metric tons, while value declined 29% to $261.9 million.

 

Source: U.S. Meat Export Federation (USMEF)

via National Hog Farmer - May 15, 2019

 

While pork exports haven't fared as well in 2019 across the United States southern border, Mexican trade partners remain cautiously optimistic that tariff issues will be resolved.

 

“We are seeing the evidence of the 20% duty on pork really hit home,” says Dan Halstrom, U.S. Meat Export Federation president and CEO, who just returned from a series of meetings in Mexico with importers, processors and other key customers of U.S. red meat. “Our purpose being down there was to really talk with trade and assure them we are reliable suppliers and are hopeful for some resolutions on some of the issues. I would say the tone amongst the customers was one of cautious optimism. They appreciate the supply chain with the U.S., and they continue to work with us closely, but we do need to have some resolutions to some of these issues, primarily being the steel and aluminum duties and consequently the resulting duties on pork.”

 

First quarter pork volume to Mexico was down 13% year-over-year to 177,420 metric tons, while value declined 29% to $261.9 million.

 

Beef, on the other hand, hung in there with some modest growth. U.S. beef exports to Mexico posted a solid first quarter, with combined beef/beef variety meat volume increasing 1% from a year ago to 57,591 mt while value jumped 12% to $280.2 million. This included a strong increase in beef muscle cut exports, which were up 14% in volume (35,481 mt) and 16% in value ($220.7 million).

 

Halstrom explains that while the U.S. is still Mexico’s primary supplier of imported pork, Canada, Chile and the European Union are gradually gaining market share and Mexico’s domestic pork production is also trending higher...

 

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https://www.nationalhogfarmer.com/agenda/competitors-begin-whittle-away-us-pork-s-market-share-mexico