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Pork Exports Up Slightly

May U.S. pork exports showed an increase compared to the same month a year ago, as did the shipments to the main destinations. A total of 430.8 million pounds of pork shipped were up 0.06% from May 2013. Japan, Mexico and Canada remained the largest foreign destinations for U.S. pork, and these three countries account for 65% of U.S. pork exports, up 3% from their stake last May. Japan and Mexico both showed growth in pork coming in from the United States, 2.9% and 13%, respectively. Canada showed a 5.7% decline in pork imports from the United States over last year.

South Korea imports of U.S. pork increased almost 44% from a year ago, possibly related to that country’s reduced domestic pork supplies from outbreaks of porcine epidemic diarrhea virus. Pork shipments to Russia came in at 21 million pounds over May 2013, during which there were zero shipments.

U.S. pork exports in 2014 are expected to be 5 billion pounds, about 0.3% above last year. While year-over-year was higher in the first half of 2014, shipments in the second-half are expected to be below a year earlier due to high U.S. prices from lower pork production.

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