US pork exports up in Q1 2017
The US exported 442,200 tonnes of fresh/frozen pork during the first quarter of 2017, which was 19% more than the same period last year.
With US pig production rising over the same time frame, the rise in shipments may not have come as a surprise. Likewise, the value of US exports during the first quarter increased by 24% on the year, to $1.14 billion.
Mexico remained the largest destination for US pork in the first quarter of 2017, with volumes shipped increasing by 37% year on year, to 160,800 tonnes. Growth was also recorded in shipments to Japan (+7% year on year) and South Korea (+32% year on year), with volumes totalling 95,200 tonnes and 47,600 tonnes respectively. On the other hand exports to the US’ fourth largest destination, China, fell 14% on the year, to 35,600 tonnes from January-March.
With US pig meat production currently forecast to rise by 5% on the year in 2017 by the USDA, it is likely that its export campaign will remain strong for the rest of the year. Obviously this is dependent on a number of factors, but if the current pace continues, the US are likely to outstrip its current pig meat export forecast of 8% growth. Nevertheless, the US are expected to face stiff competition from the EU this year into Asian markets, especially China.
Millie Askew, Analyst
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