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Agricultural News


Pork Exports Remain Below Year-Ago Levels Despite Growth in Multiple Markets

Tue, 12 Jul 2022 09:49:01 CDT

Pork Exports Remain Below Year-Ago Levels Despite Growth in Multiple Markets May pork export value equated to $65.27 per head slaughtered, down 23% from a year ago but the highest monthly average since July 2021.


U.S. pork exports are still below year-ago levels, primarily due to a continued decrease in exports to China and Hong Kong. However, exports to Central America, Latin America and the Caribbean continue to grow.


Pork exports to Mexico continued to shine in May, as the largest destination for U.S. pork builds further on last year's record performance.


U.S. pork exports to the Dominican Republic set a new record in April (60.8 million pounds) and nearly matched that total in May, increasing 126% from a year ago to 79.6 million pounds.


Exports to the Caribbean, particularly the Bahamas and the Leeward-Windward Islands, increased 38% in value ($113 million). Exports also trended higher to Honduras, the top market in Central America, as well as to Nicaragua.


CLICK HERE for a comprehensive overview of key U.S. pork markets.


   

 

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