U.S. pork exports have an “excellent first half” in 2023, according to the U.S. Meat Export Federation. Despite California’s Prop 12 injecting uncertainty into the pork market, international demand provides some hope. A total of 245,964 metric tons of pork were exported in June, 12% higher than last year, with the value rising 6% to $691.4 million. Pork exports were 14% above last year’s pace of 1.47 million metric tons for the year’s first half.
Mexico continues to be a massive market for U.S. pork, with exports increasing 19% over the last year. Pork demand is growing in Australia and Taiwan and has been reclaiming market share in many Asia-Pacific markets.
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