Growth in Japan, Korea and Caribbean Bolsters September Pork Exports

22

U.S. pork exports topped year-ago totals for the second consecutive month in September, according to data released by USDA and compiled by the U.S. Meat Export Federation.

September pork exports were once again led by Mexico, though shipments slipped below year-ago volume for the first time since early 2021. Demand has been bolstered by a very stable Mexican peso, which has held relatively steady with year-ago levels versus the U.S. dollar.

Pork exports to Japan rebounded despite historic devaluation of the yen, which has increased the cost of Japan’s imports of all commodities, including food and energy.

Other January-September results for U.S. pork exports include:

→ Demand for U.S. pork — especially pork variety meat — continues to regain momentum in China/Hong Kong.

→ Pork exports to Colombia are also on a record pace this year.

→ September pork export value equated to $62.37 per head slaughtered, up 10% from a year ago. The January-September average was $59.74 per head, down 7%.

→ Exports accounted for 27.3% of total September pork production, up from 26.9% a year ago.

Global Pork Exports 

September 2022 Compared to 2021 

Value and Volume in Key Markets

Read More About U.S. Pork Markets