USA

US pork exports lower in November

Pork

Pork exports trended lower year-over-year, according to statistics released by USDA and compiled by USMEF.

Posted on Feb 11 ,04:51

US pork exports lower in November

November pork exports totaled 206,852 mt, down 8 percent year-over-year, while value fell 12 percent to $538.7 million as retaliatory duties in key markets continue to generate headwinds for U.S. pork. For January through November, exports were steady with 2017’s record pace at 2.23 million mt and value was down 1 percent to $5.86 billion.

Trade barriers are also pressuring pork export value on a per-head basis. In November, export value per head slaughtered was $48.80, down 16 percent from November 2017. Through the first 11 months of 2018, per-head export value averaged $51.46, down 3 percent. Exports accounted for 24.5 percent of total November pork production and 22 percent for muscle cuts, down from 27.7 percent and 24.1 percent, respectively, in November 2017. For January through November, exports equated to 25.7 percent of total pork production (down from 26.5 percent in 2017) and 22.4 percent for muscle cuts (up slightly).

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