By Farms.com
According to the latest USDA data and analysis by the US Meat Export Federation (USMEF), US pork exports have showcased impressive growth in February 2024. The exports reached 250,930 metric tons, up by 14%, with a value increase of 15% to $685.1 million. The cumulative exports for the first two months stand at a 10% increase in both volume and value, indicating a solid start to the year.
Mexico remains the leading importer of US pork, continuing to surpass its previous year's record-setting purchases. Besides Mexico, the US pork market has seen positive trends in South Korea, Central and South America, Oceania, and the Caribbean, broadening its global footprint.
Dan Halstrom, the President and CEO of USMEF, expressed optimism about the ongoing growth, acknowledging significant demand increases in not only traditional markets like Mexico but also in countries such as Colombia, Chile, El Salvador, and throughout the Caribbean. The resurgence in demand from Korea and Australia further underscores the global confidence in US pork products.
The sustained growth in US pork exports reflects the industry's resilience and adaptability in meeting the diverse needs of the global market. With a variety of markets contributing to the expansion of the US pork industry, the future looks promising for American pork producers, as they continue to enhance their presence on the global stage and meet the increasing international demand for quality pork products.