US reports record pork export volume in 2017
“Heading into 2017, we knew U.S. pork production would be record-large and that the industry would be counting more than ever on export growth to support hog prices and sustain profitability,” Halstrom said.
“Our international pork customers really stepped up to the plate, and USMEF helped the industry meet their needs through new product development, consumer education and outreach and by creating opportunities for customers to meet with U.S. suppliers. The new volume record for pork is impressive, but it’s important to note that export value increased at an even more rapid pace – which confirms that international demand is robust and that exports deliver a strong return,” Mr. Halstrom added.
Furthermore, pork export value was up by 5% in December compared to the similar month from 2016, reaching $591.1 million. This was the second-highest total of 2017, trailing only the record value achieved in November ($615.8 million). December volume was down 1 percent from a year ago to 219,809 mt.
Of the total US pork production, pork exports represented 26.6% and 22.3% for muscle cuts only, each up nearly a full percentage point from a year ago. Pork export value averaged $53.47 per head slaughtered, up 7 percent from 2016.
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