American Exports: Pork remains on record cour...
American Exports

Pork remains on record course

imago images / alimdi, imago images / alimdi
June pork exports totaled 207,181 t, down 3% from a year ago.
June pork exports totaled 207,181 t, down 3% from a year ago.

USA, Washington. June exports of US pork fell below year-ago levels for the first time this year but exports remain on a record pace in 2020, according to data released by USDA and compiled by the US Meat Export Federation (USMEF). Beef exports were down sharply from a year ago in June, reflecting a lingering impact of a temporary slowdown in beef production combined with restrictions on foodservice and weakening economies in major import markets.

June pork exports totaled 207,181 t, down 3% from a year ago, while export value fell 9% to $516.3 mill. Exports continued to trend higher than a year ago to China/Hong Kong, but were the lowest since October. Exports also increased year-over-year to the ASEAN region, the Caribbean, Honduras and Taiwan and were sharply higher for Albania and Ukraine. But shipments trended lower to Mexico, Japan, South Korea and South America. Despite the June decline, first-half pork exports were still 24% ahead of last year’s record pace in volume (1.55 mill. t) and 29% higher in value ($4.05 bn.).

Exports accounted for 24% of total pork production in June and 22.2% of muscle cut production, down substantially from a year ago (27.8% and 24%, respectively). For the first half of the year, exports accounted for 31.5% of total pork production and 28.6% for muscle cuts, up from 25.8% and 22.4%, respectively, last year.

June beef exports were close to the May lows, down 33% from a year ago to 79,013 t, with value falling 32% to $492.3 mill. Exports were below year-ago levels to most markets but trended higher to Canada, China and South Africa. For January through June, beef exports fell 9% below last year’s pace in volume (591,609 t) and 10% lower in value ($3.63 bn.).

Exports accounted for 9.7% of total beef production in June and 8% for muscle cuts, down sharply from a year ago (15.4% and 12.7%, respectively) and the lowest in 10 years. First-half exports accounted for 13.3% of total beef production and 10.9% for muscle cuts, down from 14.2% and 11.6%, respectively, last year.

 

Source: USMEF
stats