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June pork exports totaled 245,964 metric tons (mt), up 12% from a 12 months in the past, whereas export worth climbed 6% to $691.4 million. By the primary half of 2023, exports had been 14% above final 12 months’s tempo at 1.47 million mt, valued at $4.05 billion (up 12%).
June pork exports to main market Mexico climbed 19% from a 12 months in the past to 85,853 mt, whereas worth elevated 8% to $179.4 million. These outcomes stored first-half exports on a record-shattering tempo at 532,934 mt, up 14% from a 12 months in the past, whereas worth elevated 21% to $1.07 billion. Pork selection meat exports to Mexico have strengthened much more dramatically in 2023. By June, selection meat shipments elevated 49% to 77,818 mt, valued at $136.6 million (up 43%).
Taiwan’s demand for U.S. pork has rebounded dramatically this 12 months, with June exports rising 915% from a 12 months in the past to three,767 mt – the most important in 14 years. June export worth was $12.3 million, up greater than 1,000%. First-half pork exports to Taiwan jumped 531% from final 12 months’s low totals to achieve 10,280 mt, whereas worth elevated 598% to $33.5 million.
Regardless of China’s persistently low first-half hog costs and enormous provides of home pork, U.S. pork exports to China/Hong Kong – a majority of which is pork selection meat – have elevated in 2023. First-half exports to the area totaled 275,358 mt, up 24% from a 12 months in the past, valued at $716.2 million (up 20%). Pork selection meat exports to China are on a report tempo by means of June, totaling 173,647 mt, up 30% year-over-year, valued at $461 million (up 24%). China’s hog costs have elevated sharply since mid-July, however any affect from this pattern will not be mirrored in first-half export outcomes.
August 11, 2023/ USMEF/ United States.
https://www.usmef.org
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