The latest monthly US livestock and meat trade data recorded at 504.7 million pounds dropped 79.2m pounds in July however held 20.7m pounds over last year. Compared to last year-to-date, US pork exports for 2023 so far are up 322.3m pounds or up +8.9% compared to the same months in 2022.
Most destinations for US pork recorded decreased amounts for July. US pork exports to Japan recorded the greatest month-over-month decline, down 22.4m pounds from June and is 6.7m pounds under a year earlier. US pork to China* (including Hong Kong & Taiwan) fell 17.5m pounds in July however is a modest 310 thousand under last year. Pork exports to South Korea was 11.1m pounds lower in July and is 10.9m pounds under 2022, while Mexico fell 10.2m pounds from June but is 18.1m pounds over last year and the Philippines fell 5.2m pounds on the month however is only 558 thousand pounds under a year earlier. Other destinations such as Australia, Colombia, the Dominican Republic and Honduras were generally down 2-3m pounds from June levels and are 0.5-2m pounds under last year. US pork to Canada slipped 581 thousand pounds in July however is 4.9m pounds over last year, bringing 2023 year-to-date 24.7m over the same months in 2022.
Total US pork imports in July were up +2.3% or 2.1m pounds on the month higher to bring the latest imports 8.4m pounds or -8.1% under 2022, and 180.6m pounds or -21.8% under last year-to-date. The monthly rise in imports can be attributed to increases from Poland and Denmark, both of which are under year year-ago levels, tempered by a decrease from Mexico with is modestly under amounts recorded in 2022. Pork imports from Canada edged 340 thousand pounds lower on the latest report, bringing them 1.9m pounds or -3.0% under a year earlier. For comparison, the US imported 20.8m pounds more pork from Canada than it exported to the country in the month of July.
