Home > News > Pork, Meal Exports Higher as Remaining Commodities Dip

Pork, Meal Exports Higher as Remaining Commodities Dip

Posted August 5, 2022
in Top Ag News

U.S. pork exports climbed higher to round out July. According to USDA, 31,000 tons exported were up more than 40% the week ending July 28, with significant purchases from China and Mexico. Soybean meal exports also increased, with the Philipines making half of the total purchases.

All other major ag commodities were down, including soybeans, cotton and rice. These deviations were caused by currency/dollar values, international political atmosphere and seasonal demand. Meanwhile, physical shipments of corn are on par with meeting projections for the current marketing year. Wheat exports are down 39% and a total of 55% from their four-week average.

Read more on commodity exports here.

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