Pork Profit Maximizer 10/15/18
Pork exports improve modestly in August but more robust growth is needed in Q4
Pork exports were higher in August but the rate of growth was disappointing considering that August production was the highest on record. Exports to Japan have recovered in the last three months. Shipments in August were 33,646 MT, 8.8% higher than a year ago. For the year exports to Japan are now 1.1% higher than a year ago on a volume basis. The value of US exports to Japan through August was $1.071 billion, 1.8% higher than a year ago. Exports to Mexico in August were 51,827 MT, 3.8% lower than a year ago but the highest export volume since April.