USA – U.S. pork exports to Oceania saw remarkable growth this April, with shipments reaching 8,950 metric tons (mt), marking a 33% increase compared to the same period last year.
According to data from the USDA and compiled by the U.S. Meat Export Federation (USMEF), the export value also surged by 36% to US$31.1 million.
From January through April, the region witnessed a dramatic rise in pork exports, doubling in volume to 37,221 mt, a 107% increase from the previous year.
The value of these exports soared by 103%, reaching US$132.9 million.
This upward trend began in the second quarter of the previous year, suggesting that while the year-over-year gains may moderate, the market has demonstrated robust growth from April to December 2023.
This performance reflects a strong trajectory for U.S. pork in Oceania. In 2023, the average export value for market hogs slaughtered in the U.S. was US$63.76.
According to Volza’s Global Export data, frozen pork shipments from the world to the U.S. totaled 66.5 thousand mt, involving 1,959 global exporters and 3,288 U.S. buyers.
The leading exporters were the United States, with 260,447 shipments, followed by Brazil (79,059) and Canada (57,719).
However, new American pork regulations could increase inflationary pressures.
California’s Proposition 12 and other state-specific hog production laws are fragmenting the U.S. hog slaughter and pork retail markets.
Additionally, proposed “Made in USA” labeling rules could further complicate the market, leading to higher prices for piglets, hogs, and pork, while reducing profitability and production.
If packers and retailers adopt the “Made in USA” labels, some Canadian piglets might still be raised in U.S. barns, while others may switch to exclusively U.S.-born piglets.
This shift could cause inefficiencies, with U.S. packers alternating between processing only U.S.-born pigs and a mix of U.S. and non-U.S. pigs on different days.
This new logistical challenge could lead to pigs being transported, sold, and slaughtered in less optimal locations, potentially disrupting the supply chain.
