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Vol. 11, No. 46 / March 8, 2013
Market Comments Y/Y Ch. in Jan 2013 vs. Jan 2012 US Pork Exports
Contribution by Selected Markets to Overall Total. Fr/Fz/Prep/Pres
The export picture for US meat products was mixed
in January. US pork exports were sharply lower, largely due to World Total (25,471) -15.1%
the decline in exports to China/Hong Kong. On the other hand,
beef and poultry exports were higher, both in terms of volume and
Japan (3,199)
revenue. Below are some of the highlights:
Mexico (1,423)
- Exports of fresh/frozen and cooked pork products in Jan- Canada 95
uary were 142,661 MT, 25,471 MT or 15.1% lower than the
China/HK
previous year. The value of US fresh/frozen and cooked pork (16,826)
exports in January was $437 million, down almost $55 million or Taiwan (186)
11% fropm a year ago. More than half of the decline in shipments Korea, South (3,134)
was accounted by the drop in exports to China and Hong Kong.
Pork prices in China have stabilized in recent months as domestic Russia 107
supplies have recovered and this has limited demand for US pork. Other (905)
Total exports to the China and Hong Kong markets were just
metric ton -30,000 -25,000 -20,000 -15,000 -10,000 -5,000 0 5,000
13,236 MT, 56% lower than a year ago. Exports to China alone
were down $38 million or 67% from a year ago. US pork exports to
Japan continue to struggle, with shipments in January down 8% Y/Y Ch. in Jan 2013 vs. Jan 2012 US Beef & Veal Exports
from a year ago. Exports to South Korea, another important mar- Contribution by Selected Markets to Overall Total. Fr/Fz/Prep/Pres
ket for US pork were down 21% from a year ago. The South Kore- World Total 2,806 +4.6%
an domestic pork industry has recovered from the significant de-
clines it experienced in 2011 when an FMD outbreak forced the
Korea, South 778
liquidation of about 12% of the swine population. South Korean
Japan 614
domestic pork production was estimated to be up 27% in 2012 and
will likely be only modestly lower in 2013. Again, it is important Canada 4,050
when looking at export numbers to markets like China and South Hong Kong 4,022
Korea and distinguish between export gains that are due to short Russia (2,119)
term events such as disease outbreaks and long term sustainable Mexico (3,009)
gains due to permanent shifts in demand. Egypt 472
Taiwan 378
- Beef exports were higher in January. Total shipments of
fresh/frozen and cooked beef were estimated at 63,438 MT, Vietnam (2,230)
about 2800 MT or 4.6% higher than a year ago. Beef exports Other (149)
would have been much higher had it not been for an almost 100% metric ton -10,000 -5,000 0 5,000 10,000
decline in exports to the Russian market. Beef exports to Mexico
also remain disappointing, with shipments in January down 25%
fect so we will have to wait a bit longer to understand the full im-
from a year ago. Beef shipments to Hong Kong rose 151% in Jan-
pact of the new cattle age requirements. Canada remains a big
uary. Beef prices in China and Hong Kong have increased sharply
buyer of US beef, thanks to a strong Canadian dollar and smaller
in the last two years and these two markets have emerged as ma-
beef supplies in Canada.
jor global beef buyers, sourcing product both in South America,
Oceania and North America (only Hong Kong as China still con- - US chicken exports in January were 230,194 MT, a little
tinues to ban US beef). Indeed, China became the third largest over 9000 MT or 4.1% higher than a year ago. The increase
buyer of Australian beef in February, surpassing South Korea. was due entirely due to a big jump in exports to Russia, which
US beef exports to Japan were up 7% from relatively low levels were 11,777 MT or 109% higher than a year ago.
last year. This was before the new rules on US beef went into ef-
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