Monthly US Pork Exports Fall to 3-yr Low, Imports Down to 1-yr Low

Submitted by Suze Nolin on Fri, 09/09/2022 - 07:14

 

US Pork Exports table

     The latest US livestock and meat trade data reflected total US pork exports at 484.0 million pounds for July, down 47.1 million pounds from June levels and 24.2 million pounds under last year.

     Most major destinations for US pork generally recorded reduced quantities on the latest report. US pork to Mexico was reported 8.8 million pounds lower for July and fell to the lowest level recorded in a year, however continues at strong levels seasonally and is 13.9 million pounds over last year. US pork to Japan fell 8.5 million pounds to a 6-month low, continuing below last year. US pork to the Dominican Republic dropped 7.7 million pounds or -36.0% lower for July, down to the lowest recorded since last September though remains at historically strong pre-pandemic levels and is +13.3% over last year. Colombia fell 6.8 million pounds from last reported, though continues very strong historically bringing US pork exports to the country 5.0 million pounds over last year.  US pork to South Korea dropped 5.5 million pounds for July, with the latest volume 5.1 million pounds over last year, while China* (including Hong Kong and Taiwan) fell 4.7 million pounds from last reported bringing them 14.8 million pounds under last year. Other notable destinations recorded generally 1-2 million pound declines such as Canada, Honduras & Australia.

US Pork Exports Graph

     Total US pork imports fell -14.5 million pounds or –12.3% under June, bringing current imports 14.0 million pounds or +15.7% above year ago levels. US imports of pork from most of their primary foreign suppliers are at increased levels compared to last year. Imports from Canada declined 5.9 million pounds or -8.3% for July and fell to the lowest recorded since last year, bringing them 9.0 million pounds or +16.1% over year ago levels. Despite the steady decline in recent months, quantities of Canadian pork headed to the US remain at strong levels. Notably, the US imported 27.7 million pounds more pork from Canada than it exported to the country for the month of July. US pork imports from Denmark rose 1.3 million pounds or +16.1% from a month earlier and are +83.2% over last year, however the tally recorded for July of last year was considered low seasonally. Mexico declined 600 thousand pounds or -7.1% in July but is +11.0% over last year with year ago levels considered strong historically.

US Pork Imports Graph

US Can Pork Trade