… “The surge in pork shipments to China will capture most of the headlines this month,” said Dan Halstrom, president of the industry group U.S. Meat Export Federation. China maintains retaliatory tariffs on imports of U.S. pork...

 

 

LIVESTOCK-Chinese buying drives record U.S. pork exports in November

 

Tom Polansek, Reuters 

January 8, 2020

 

CHICAGO, Jan 8 (Reuters) - U.S. pork exports in November surged to a record high for any month, according to new government data, driven by a fatal pig disease that is stoking a meat shortage in China.

 

The shipments fueled expectations for more big sales to China, although U.S. hog futures slumped on Wednesday.

 

China, the world’s largest pork consumer, needs to increase imports after its hog herd shrunk by about half because of an outbreak of African swine fever. The losses have pushed Chinese pork prices to record highs and roiled global meat markets. China has also increased imports from Europe and Brazil.

 

“They just have a terrific need,” said Bob Brown, an independent U.S. livestock market analyst. “They’re needing to take it when they can find it.”

 

Traders will review weekly U.S. export sales data on Friday, one day later than usual because of a winter storm in Washington.

 

In November, total pork exports reached 259,814 tonnes, up 26% from a year earlier and 11% above the previous high set in July 2019, according to U.S. Department of Agriculture data. Sales to China soared 589% from a year ago to 78,776 tonnes, about 35% of which were frozen carcasses. For January through November, exports to China jumped 134% to 472,811 tonnes, the data show.

 

“The surge in pork shipments to China will capture most of the headlines this month,” said Dan Halstrom, president of the industry group U.S. Meat Export Federation.

 

China maintains retaliatory tariffs on imports of U.S. pork...

 

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https://www.reuters.com/article/usa-livestock/livestock-chinese-buying-drives-record-us-pork-exports-in-november-idUSL1N29D24N