Pork shipments to foreign markets mostly higher

Mexico leads the way while Philippines pork imports expected to reach record levels.

 

Krissa Welshans, National Hog Farmer

Jul 20, 2021

 

U.S. exports in May were about 688 million pounds, 11% higher than in May 2020. With the exception of China\Hong Kong, shipments to most major foreign markets were year-over-year higher in May. USDA’s Foreign Agriculture Service (FAS) recently released the July “Livestock and Poultry: World Markets and Trade,” which had updated 2021 pork production and pork trade forecasts for China and other major trading countries.

 

Shipment data for the 10 largest foreign buyers of U.S. pork in May can be seen below. FAS said several aspects of the table are notable. Due to U.S. processing-sector turbulence in spring 2020, shipments to some major buyers in May 2020 were sharply reduced. Consequently, COVID-19-reduced shipments in May 2020 result in large calculated year-over-year percent increases for countries such as Mexico, Japan, and Colombia. Mexico imports are expected to be 3% higher at 985,000 tons, which FAS is due to high domestic prices, a stronger peso, and as an offset to strong exports.

 

The year-over-year change to the Philippines is also notable, which FAS said is attributable to trade policy changes in response to reduced domestic pork production brought about by African swine fever (ASF).

 

Philippines imports expected to reach record levels ...

 

Global pork production revised higher ...

 

more, including table

https://www.nationalhogfarmer.com/news/pork-shipments-foreign-markets-mostly-higher