The latest monthly US livestock and meat trade data recorded a decrease in US pork exports, with the latest tally reported at 583.9 million pounds which was down 34.2m pounds from May and 52.8m pounds over a year earlier. Compared to last year-to-date, US pork exports for 2023 so far are up 301.6m pounds or +9.6% compared to the same months in 2022.
US pork exports to Mexico recorded yet again the largest month-over-month change, dropping 30.5m pounds for June but is 19.5m pounds over last year. Exports to South Korea also recorded a significant decline from last reported, down 20.4m pounds for June and is 5.3m pounds under the same month in 2022. US Pork to Honduras fell 5.6m pounds and is 1.0m pounds under last year, while the Domonican Republic was down 5.5m pounds on the month and is 5.3m pounds under 2022. US pork to Australia declined 4.5m pounds from May but is 9.9m pounds over a year earlier, and accounts for nearly 4% of the overall monthly US pork exports compared to their 12-month average of 2%.
Offsetting some of the earlier mentioned declines were increases to destinations such as Colombia, the Philippines and Japan. US pork to Colombia jumped 8.3m pounds for June but is 6.8m pounds under last year, while the Philippines rose 7.5m pounds in the latest data to bring them 6.2m pounds over 2022, and Japan was up 6.5m pounds for June and is 7.2m over last year. US pork to mainland China climbed 1.4m pounds and Taiwan rose 2.1m pounds while Hong Kong slipped very modestly from May, bringing China* (including Hong Kong & Taiwan) overall 3.4m pounds higher on the month and up 12.5m pounds over last year. US pork to Canada climbed 1.4m pounds in June and is 4.2m pounds over last year, bringing 2023 year-to-date 19.8m over the same months in 2022.
Total US pork imports in June increased 3.9m pounds on the month to bring the latest imports 25.0m pounds or -21.2% under June 2022, and 172.2m pounds or -23.7% under last year-to-date. Pork imports from Canada rose 7.5m pounds on the latest report, bringing them 7.5m pounds or -10.6% under a year earlier. For comparison, the US imported 20.6m pounds more pork from Canada than it exported to the country in the month of June.
