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Pork exports totaled 173,675 mt in July, down 4 percent year-over-year, valued at $488.9 million, down 0.6 percent. January-July volume was still up 11 percent from a year ago to 1.43 million mt, while export value was up 13 percent to $3.7 billion.
Exports accounted for 26 percent of total pork production in July (down from 27.5 percent a year ago) and 21 percent for muscle cuts only (down from 23 percent). For the first seven months of the year, with U.S. production at a record pace, the percentage of total production exported increased from 25.6 percent to 27.5 percent. For muscle cuts only, the increase was from 21.6 percent to 23 percent. Export value per head slaughtered in July was $54.22 – up slightly from June but 3 percent below last July. The January-July per-head average increased 10 percent from a year ago to $54.11.
Pork exports to Mexico remained on pace for a sixth consecutive annual volume record, with July volume up 7 percent from a year ago to 58,625 mt and value increasing 9 percent to $122.9 million. Through July, exports increased 20 percent in volume (457,190 mt) and 26 percent in value ($854.4 million). Both the U.S. and domestic pork industries continue to reap the benefits of Mexico’s rapidly growing per capita pork consumption, which has increased by about one-third over the past 10 years to 18 kilograms annually (based on USDA estimates).
Leading pork value market Japan saw a year-over-year decline in July, as exports dipped 7 percent in both volume (28,314 mt) and value ($120.5 million). Through July, exports to Japan remained modestly higher year-over-year in both volume (228,489 mt, up 2 percent) and value ($931.1 million, up 6 percent). This included chilled pork exports of 122,755 mt (down 3 percent) valued at $577 million (up 3 percent), as Canada continues to compete strongly for Japan’s high-value chilled pork market.
Thursday September 7, 2017/ USMEF/ United States.
https://www.usmef.org
