US pork exports to increase over the next decade
Livestock production is expected to increase over the next 10 years, according to a USDA projection released in March. Pigs, cattle and poultry will show an increased slaughter weight for every sector and pork exports will grow at a faster pace than beef, getting close to poultry volumes send abroad.
“Pork production is expected to edge past beef production at just over 13.6 million tonnes by the end of the projection period,” says David Stallings, USDA Outlook Board analyst. Throughout the projection period, pork exports continue to dominate imports, and pork production gains are expected to be sufficient to accommodate both the widening trade surplus as well as increased domestic demand.
US pork exports are projected to grow faster than beef exports and on par with poultry exports. Production efficiency gains in the hog sector continue to enhance the sector’s international competitiveness. The US is expected to maintain its position as the second largest exporter of pork behind the EU while exporting more than twice the third largest exporter, Canada. Over the next decade, the EU is expected to increase its market share as the United States’ and Canada’s market shares are expected to decline.
The forecast was made considering that no disruptions in industry or current trade situations will interfere in the next 10 years, what seems to be improbable.
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