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Lower prices likely offsetting Mexico's tariffs on U.S. pork exports

U.S. fresh and frozen pork products subject to tariffs have maintained same levels.

Since Mexico imposed retaliatory tariffs against the U.S. in June, export volumes for June to August of U.S. fresh and frozen pork products subject to the tariffs have maintained the same levels as last year, according to the U.S. Department of Agriculture.

Typically accounting for more than 97% of monthly U.S. pork shipments to Mexico, these exports consist mainly of fresh and frozen ham and shoulder cuts, USDA noted.

USDA NASS

U.S. ham primal cuts averaged 20% lower in June through August 2018 than in June through August 2017, which USDA said is likely a significant offset to the import tariff.

However, in contrast to stable exports of fresh and frozen pork products, a different category of pork exports that includes some processed pork products as well as cooked hams and shoulders is down almost 45% in the June to August period, USDA said.

 

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