Pork Sees Record Export Highs for 2023

Pork exports have hit a marketing year high after Mexico pulled forward with large buys. Japan and Canada also contributed to orders that ultimately led the pork industry to outpace USDA projections. Pork isn’t the only commodity driving large export sales; corn, soybeans, soybean meal, wheat, cotton and rice have also seen week-to-week improvements.

The next World Agricultural Supply and Demand Estimates (WASDE) report is slated for May 12. It will expound on the several factors influencing export demand, including seasonal trends, currency and geopolitical activity. Not all exports kept pace, however, as beef, soybean oil and sorghum all saw net reductions.

Read more on export data here.