Agricultural News
Oklahoma Increases Visibility in International Pork Market and Exports Continue to Rise
Mon, 07 Nov 2011 16:54:18 CST
Pork exports for the U.S. have had a tremendous amount of growth over the past year. With pork exports up about 18% for the 2011 year since 2010, Roy Lee Lindsey with the Oklahoma Pork Council says this year was even better for pork exports than last, which was still an exceptional year.
The month of August came in with pork exports up 43% over August of 2010, which Lindsey says is an almost unheard of number with only one other month in history where exports increased more. Lindsey adds that almost 20-21% of all the pork that is produced in the U.S. is exported.
Lindsey says the access to these international markets is really what is helping to hold the price that producers are being paid at a steady price. Also, Lindsey adds that where we are at production costs is that the domestic demand has gone down slightly in August and September, while the worldwide demand for pork has continued to increase.
Oklahoma plays an important role in the international market as well. With pork being the third most exported product in the state, the major processing plant in Guymon is essential to maintaining these exports. Lindsey points out that this plant, a Seaboard processing plant, in Guymon actually exports more to Japan than any other company does in the country.
Click on the LISTEN bar below to hear more from Ron Hays and Roy Lee Lindsey as they talk about the pork export market and how Oklahoma is playing a role internationally.
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