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Record value to Mexico fuels strong month for U.S. pork exports


In July 2024, U.S. pork exports saw significant growth, reaching 241,210 metric tons (mt), a 10% increase from the previous year. The export value rose by 13% to $710.5 million, driven by record shipments to Mexico, which totaled $244.5 million, a 29% increase from a year ago. Through the first seven months of 2024, total pork exports were 4% higher than the previous year at 1.76 million mt, with a value just under $5 billion, marking a 6% increase.

Mexico remained the largest market, with July exports up 24% in volume and 15% in value, driven by limited domestic supply and increased demand. Other key markets also saw gains, including Colombia (up 11%), Central America (up 18%, led by Honduras), and the Caribbean (up 47%, with strong demand from the Dominican Republic and Cuba). Although exports to China/Hong Kong were lower than last year, the region remains the top destination for U.S. pork variety meat.

Pork shipments to South Korea also showed promise, up 16% in volume and 30% in value, with potential to set new annual records.

Pipeline: www.pig333.com

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