Exports up 5% year-on-year
Constructing on a strong first-half efficiency, July exports of US pork continued to outpace year-ago ranges, based on information launched by USDA and compiled by USMEF.
July pork exports totalled 219,014 metric tons (mt), up 5% year-over-year, whereas export worth elevated 1% to $628.7 million. Via the primary seven months of 2023, pork exports have been 13% above final 12 months’s tempo at 1.69 million mt, valued at $4.67 billion (up 10%).
“Market diversification has been the highest precedence for the US pork trade and people efforts are definitely mirrored once more in these outcomes,” stated USMEF president and CEO Dan Halstrom. “In July, exports trended decrease to China/Hong Kong, Japan and South Korea, however our Western Hemisphere markets and different locations within the Asia-Pacific continued to shine. That is precisely the kind of broad worldwide footprint the trade wants to keep up constant export development.”