USMEF Weekly Audio: Rebuilding Pork Consumption in Key Markets Critical for Maintaining Export Growth
A sharp decline in China’s hog and pork prices is a significant concern for the world’s pork exporting countries, including the United States. As China’s demand for imported pork moderates, U.S. Meat Export Federation (USMEF) Economist Erin Borror says the key to maintaining overall export growth is to rebuild pork consumption in markets outside of China, especially in the Western Hemisphere.
Borror notes that when China’s demand for imported pork surged following confirmation of African swine fever (ASF) in China, pork consumption pulled back in some other major import markets. She says there are excellent opportunities to rebuild this demand, and the U.S. pork industry is well-positioned to meet this challenge because it is the least “China-reliant” among major pork exporters. Chile has recently shipped more than 40% of its total pork production to China and Brazil about 20%. For Canadian and European pork, the percentage of total production exported to China has been as high as 34% and 14%, respectively. For the United States, the share of total production exported to China peaked at 8%.
The U.S. Meat Export Federation (www.USMEF.org) is the trade association responsible for developing international markets for the U.S. red meat industry. It is funded by USDA; the beef, pork, lamb, corn and soybean checkoff programs, as well as its members representing nine industry sectors: beef/veal producing & feeding, pork producing & feeding, lamb producing & feeding, packing & processing, purveying & trading, oilseeds producing, feedgrains producing, farm organizations and supply & service organizations. USMEF complies with all equal opportunity, non-discrimination and affirmative action measures applicable to it by contract, government rule or regulation or as otherwise provided by law. USMEF is an equal opportunity employer and provider.
Submitted to the BARN by:
Vice President, Communications
U.S. Meat Export Federation