U.S. May pork exports below last year

Published 2024년 7월 12일

Tridge summary

Pork exports from the US have seen a mixed performance in May, with a decrease of 6% in volume to Mexico, but a 2% increase in value due to higher prices. Despite this, the demand for US pork in Mexico remains strong, with records set for the first five months of 2024. Exports to Korea also performed well, with a 6% increase in volume and an 8% increase in value. Central American markets, including Honduras, Costa Rica, Guatemala, and El Salvador, have also shown strong demand for US pork, with a 25% increase in volume and a 35% increase in value compared to the same period last year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

Although pork export volume to leading market Mexico slowed in May following record-large April shipments, export value still increased and 2024 demand remains on a record pace, according to data released by USDA and compiled by USMEF. May exports to Mexico totaled 91,338 mt, down 6% from a year ago, but value was 2% higher at $201.9 million. January-May exports to Mexico reached 480,193 mt, up 7% from a year ago, while value increased 14% to $1.02 billion. While Mexico continues to shine as a destination for hams and other pork cuts for further processing, the US industry has made impressive inroads in the country’s rapidly growing retail and foodservice sectors, with per-capita pork consumption continuing to expand. Mexico is also a major outlet for US pork variety meat, including for taco applications. Pork exports to Korea posted another robust performance in May, totaling 22,354 mt. This was up 6% from a year ago, while value increased 8% to $78.9 million. Through May, ...

Source: Thepigsite