Pork Exports May Top 2020’s Record Amount

Numbers from the U.S. Department of Commerce say exports of U.S. pork are on pace to top 2020’s record total of $7.7 billion. From January through November, the U.S. pork industry shipped more than $7.5 billion worth of products to foreign destinations, compared to just over $7 billion from the same period in 2020. The top five markets for American pork are China, Japan, Mexico, Canada, and South Korea, the same top five destinations from 2020. What helped boost the 2021’s numbers were countries like the Philippines, which imported 92 percent more pork in 2021 compared to 2020. U.S. pork exports also have greater access to Vietnam, which will cut its tariff on imported frozen pork on July 1. The National Pork Producers Council says it will continue to press the administration on increasing trade opportunities, including joining the 11-nation Comprehensive and Progressive Agreement for Trans-Pacific Partnership. NPPC also wants China to drop its tariffs on U.S. pork.

Related articles

Thursday and Friday, November 24th and 25th, 2022 Programs

***No video interviews for our holiday programs on Thursday and Friday. Markets were open for a shortened session on Friday as well. Below are links to our Thursday and Friday episodes with various interviews...

Biden Wants Rail Unions, Freight Railroads to Settle Contract Dispute Themselves

President Biden wants rail unions and freight railroads to resolve their long-running contract dispute themselves, without saying publicly if he’ll intervene or ask Congress to do so, barring an agreement. Biden Press Secretary Karine Jean-Pierre...

Wednesday, November 23rd, 2022 Video and Audio Program

Overall, trade on Wednesday was fairly quiet headed into the Thanksgiving holiday. We did find some late buying interest in grains on the session and in turn, slipped lower in cattle and hogs on...

Farm State Senators Vent Over High Diesel Prices 

High input prices helped fuel debate over the next farm bill at a recent Senate Ag Committee hearing. High diesel prices mean high food prices, as farmers and truckers struggle to pay an average...

USDA Invites Producers to Respond Online to the 2022 Census of Agriculture

The USDA mailed survey codes to all known U.S. ag producers with the invitation to respond online to the 2022 Census of Agriculture at agcounts.usda.gov. The ag census is the nation’s only comprehensive and impartial...

Latest articles

%d bloggers like this: