Record value for Mexico headlines robust month for US pork exports

After softening modestly in June, pork exports to leading market Mexico roared back in July at $244.5 million – up 29% from a year ago and the highest on record, according to data released by USDA and compiled by the US Meat Export Federation (USMEF).

Export volume was also outstanding, climbing 24% to 100,577 mt. January-July exports are on a record pace, climbing 8% above last year at 663,777 mt, while export value jumped 15% to $1.45 billion. Mexico’s hog price surged in July and limited domestic availability contributed to the large increase in demand for US pork.

Pork exports to Colombia are also on a record pace, with July shipments climbing 11% from a year ago to 8,570 mt, valued at $24.8 million (up 16%). Through July, exports to Colombia increased 29% in volume (65,497 mt) and 40% in value ($182.3 million). This performance comes despite persistent technical obstacles for meat shipments to Colombia, which were recently addressed in seminars held in Bogota and Cartagena.

Led by an exceptionally strong year-over-year increase in Honduras, July pork exports to Central America climbed 18% to 10,790 mt, valued at $34.9 million (up 28%). With shipments trending higher to every market in the region and on a record pace to Honduras, Guatemala, Costa Rica, El Salvador and Nicaragua, January-July exports to Central America increased 20% from a year ago to 85,322 mt, while value soared 31% to $266 million.

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Tags: Nicaragua, Central America, Mexico, exports, Colombia, pork, US Meat Export Federation, Market, Guatemala, Honduras, El Salvador, Costa Rica