The latest monthly US livestock and meat trade data recorded a surge in pork exports, rising 60.7 million pounds for a monthly tally of 643.5 million pounds for November. This represents a historical high for the month of November, surpassing the previous November high recorded in 2020 at 632.7 million pounds. The month-over-month rise in US pork exports reflects increased quantities sent to Canada, Colombia and South Korea. The latest pork exports for are up 36.0m pounds from a year earlier, bringing them 295.4m pounds or +4.8% over last year-to-date.
US pork to Canada typically rises from October into November, however notably jumped from a 14-year low for the month of October upto the second highest historically for the month of November at 54.7 million pounds (under the previous high which was recorded in 2012 at 57.4 million pounds). US pork to Canada surged 15.3m pounds from October, bringing them a modest 655 thousand pounds over last year but 26.4m pounds under last year-to-date. For comparison, the US imported 5.8m pounds more pork from Canada than it exported to the country in the month of November.
US pork to Colombia increased 12.7m pounds on the month to record a new monthly high surpassing the previous high reached with 41.7m Novemer 2021, with current exports 9.5m pounds over a year earlier and 87.1m above last year-to-date.
US pork to South Korea rose 10.5m pounds from October however is 7.8m pounds below last year but 88.3m pounds over last year-to-date. Other destinations for US pork which recorded more moderate month-over-month rises included Japan (up 6.6m pounds), Mexico (up 4.8m pounds), Guatemala (up 3.2m pounds) and Honduras (up 2.5m pounds).
