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US pork exports declined in July

Pork

In July the US pork export volume reported an annual decline for the first time in 15 months, although the exports saw a significant growth in Mexico, South Korea, and South America, according to the data published by USDA and analyzed by USMEF.

Posted on Sep 08 ,16:45

US pork exports declined in July

 

Pork exports from the United States were down by 4% in July this year compared to the same period in 2016, reaching a total of 173,675 mt worth 488.9 million dollars. In the January-July period, the volume increased by 11% compared to 2016, to 1.43 million mt, while export value was up 13% to 3.7 billion dollars.

In July, from the total pork production, exports represented 26%, down from 27.5% in 2016, and 21% for muscle cuts only, down from 23%. For the first seven months of the year, with US production at a record pace, the percentage of total production exported increased from 25.6% to 27.5%.

For muscle cuts only, the increase was from 21.6% to 23%. Export value per head slaughtered in July was 54.22 dollars– up slightly from June but 3 percent below last July. The January-July per-head average increased 10 percent from a year ago to 54.11 dollars.

“July was certainly a solid month, especially for beef exports, but these results remind us that the U.S. red meat industry operates in an intensely competitive global environment,” said USMEF CEO Philip Seng. “At a time when some of our most essential trade agreements are under review, we must be mindful of how these agreements have helped make U.S. beef, pork and lamb more readily available and more affordable for millions of global customers, to the benefit of U.S. producers and everyone in the U.S. supply chain.”

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