US Pork Trade Increases in October

Submitted by Suze Nolin on Fri, 12/08/2023 - 10:54

 

US Pork Exports table     The latest monthly US livestock and meat trade data recorded pork exports at 572.2 million pounds, rising 60.2m pounds in October and brings current pork exports 32.6m pounds over a year earlier. Compared to last year-to-date, US pork exports for 2023 are up 368.2m pounds or +7.1% higher compared to the same months in 2022. 

     Most destinations for US pork reported increases in October. US pork to Mexico jumped 29.9m pounds, the largest move recorded on the latest report, bringing exports to the country 32.6m over last year. Colombia increased their imports of US pork by 9.7m pounds and is 9.1m pounds over last year, followed by the Dominican Republic which rose 7.2m pounds on the month and is 2.8m pounds over a year earlier, while South Korea jumped 6.3m pounds from September and is 3.5m pounds over the year previous.  US pork to China* (including Hong Kong & Taiwan) increased 2.4m pounds with half of the rise attributed to the mainland however overall is 25.0m pounds under a year earlier, while Japan climbed 2.1m pounds on the month but is 8.8m pounds under October 2022.

      US pork exports to Canada fell 12.4m pounds for October, bringing exports a modest 281 thousand pounds over last year. For comparison, the US imported 19.5m pounds more pork from Canada than it exported to the country in the month of October. US pork to the Philippines was also lower in the latest data, down 1.4m pounds from previously reported and is 4.5m pounds under last year. 

US Pork Exports Graph
US Pork Trade Y/Y

     US pork imports increased in October from most locations, overall rising 14.5m pounds or +15.5% from September and brings current imports 4.0m pounds or +3.9% over last year. Imports from Canada rose 5.0m pounds on the month however is 2.3m under last year, followed by other countries each generally up 1-2 million pounds such as Mexico, Poland, Brazil, Denmark and Italy. Year-to-date, total US pork imports are 201.0m pounds or -17.5% under the same months last year. 

US Pork Imports Graph