Canadian Pork Exports Rise Higher In November

Submitted by Suze Nolin on Fri, 01/05/2024 - 14:46

 

       The latest data for Canadian domestic pork exports tallied November at 109.3 thousand MT, up +6.5% from the previous month and +9.2% over last year. Overall, pork export values for the same period increased +6.0% from October and +11.4% over a year earlier.

       Total swine carcass and cut exports climbed +3.7% for November to 66.8 thousand MT, bringing current exports up +0.6% on the year. Overall values rose +4.7% on the month and +5.8% over year-ago values. For perspective, November’s value per unit of $3.86/KGM increased +0.9% from a month earlier and +5.1% over last year.

       Total ham exports rose +11.5% from October to 20.4 thousand MT, bringing them +40.0% over last year (the second lowest month recorded in more than 3 years), while the values of these exports were up +8.5% on the month and +32.7% over year-ago values. For perspective, the latest value per unit at $3.63/KGM fell –2.7% from October and –5.2% under last year.

       Belly exports were up +3.9% to 2.0 thousand MT in the latest data, bringing current exports +31.2% over last year’s particularly low trade. Belly export values were up +6.4% for November and +24.0% over last year. For perspective, belly values per unit at $7.16/KGM increased +2.5% from October but fell –5.5% compared to last year.

       Pork shoulder exports dropped –18.0% for November to 64.5 thousand MT, however rose a staggering +97.9% over last year. For perspective, shoulder values per unit at $7.88/KGM fell –4.9% on the month and –17.6% compared to last year.

       Edible swine offal increased +4.6% into November to 12.3 thousand MT, bringing them +18.6% over a year earlier. For perspective, swine offal values per unit of $2.48/KGM rose +5.2% from October and +3.1% over last year.

       Notably, the percentage of Canadian pork production exported globally dipped to 47.5% in November, compared to the 12-month average of 58.0%. The percentage of Canadian pork production exported to the United States at 15.7% fell below the 12-month average of 18.7%.

CDN pork exports

CDN exports by country

CDN Exports % of Production