The latest monthly US livestock and meat trade data recorded pork exports at 524.1 million pounds, dropping 60.6m pounds from May. The significant month-over-month decline in US pork exports reflect reduced quantities across many major destinations for US pork. Current pork exports for June are down 59.8m pounds from a year earlier, bringing them 116.2m pounds over last year-to-date.
US pork to Mexico dropped 22.5m pounds from previously reported, bringing current exports 9.2m pounds under a year earlier but 48.4m over last year-to-date. US pork to South Korea fell 13.3m pounds in June, though are up 8.6m pounds over last year and 101.7 pounds higher than last year-to-date. US pork to Japan and Colombia were each down more than 5.0m pounds from a month earlier, with Japan 14.1m pounds under last year and 12.5m pounds under last year-to-date while Colombia is 2.9m pounds under last year but 46.3m pounds over last year-to-date. Exports to the Dominican Republic fell 4.0m pounds (-18.4%) from last reported and are 1.6m pounds (+10.0%) over June 2023 but 15.5m pounds (-9.9%) under last year-to-date, while Australia declined 3.6m pounds (-15.4%) from May quantities and are 3.1m pounds (-13.5%) under last year though 43.6m pounds (+44.6%) over the previous year-to-date. US pork to China* (including Hong Kong & Taiwan) was down 2.5m pounds overall from May quantities and is 31.5m pounds under a year earlier and 130.9m pounds under last year-to-date.
Only exports to the Philippines and Canada recorded any tangible increases from last reported. US pork to the Philippines rose 2.3m pounds (+28.5%) in the latest data, bringing them 6.5m pounds (-38.3%) under last year and 11.8m pounds (-23.0%) under last year-to-date. US pork to Canada was up 2.0m pounds for June, bringing them 404 thousand pounds under last year and 8.2m pounds under last YTD. For comparison, the US imported 16.8m pounds more pork from Canada than it exported to the country in the month of June.
