Pork Exports Remain Below Year-Ago
Year-to-Date through April
April pork exports were down from the large volume reported a year ago due to a sharp decline in China’s demand for imported pork.
“The COVID lockdowns (in China) dampened demand even further by limiting consumer spending and slowing activity in the wholesale market and the meat processing sector,” said U.S. Meat Export Federation President and CEO Dan Halstrom. “We do expect exports to China to regain some momentum in the fourth quarter of this year – certainly not back to the peak volumes of 2020 but improving over current levels.”
Shipments to Mexico remain on a record pace and exports to Japan and several Latin American markets trended higher in April. Pork exports to the Dominican Republic were already gaining strength before African swine fever (ASF) was confirmed in July 2021, and ASF’s impact on domestic production has accelerated this trend.
YTD Value and Volume in Key Markets
USDA Programs Yield High ROIs
The U.S. Agricultural Export Development Council recently released an economic impact study stating that USDA Export Market Development programs are highly effective at generating an extremely high return on investment and account for a high percentage of the level of U.S. agricultural exports, including pork.
NPB invests Pork Checkoff dollars in USMEF, which in turn leverages these funds combined with USDA program matches to promote U.S. pork to new, existing and developing international markets.
Impact from USDA Programs
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Webinar — USDA Quarterly Hogs and Pig Report Analysis
June 29 at 3:30 p.m. CDT
👍 Real Pork + Real Fun + Real Results at WPX
We had a great time catching up with pork producers at World Pork Expo last week. Watch for our recap next week.
Check out what folks said about #WPX22 on LinkedIn
- WPX was one for the books!
- We kicked it off with a Pork Academy session on hot topics facing our industry…
- Pork producers are serious about sustainability…
- WPX is one of my favorite weeks of the year…
- We spent a full morning at WPX Pork Academy sharing the latest in collaborative efforts to protect the pigs in the U.S. …
- My favorite part about WPX is seeing all the people come together…
- Today we hosted a Bacon & Innovation Session at WPX!
- Such an honor to do media interviews with the new producer president of National Pork Board, Heather Hill …
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