July’s pork exports were 396 million pounds, about 2.5 percent below a year ago. The table below shows that July exports were lower to 7 of the 10 most important foreign markets, with the exception of Mexico (which was the largest foreign destination for U.S. pork in July), South Korea, and Colombia.
Very high prices of U.S. pork products in June may explain, in part, reduced exports in July. On the assumption that most pork products exported in July are ordered and priced in June, a table comparing average wholesale prices of U.S. pork cuts in June 2014 and June 2013 is set out below.
The data show that June 2014 wholesale values for the pork carcass cutout and other often-exported pork cuts were significantly above year-earlier prices, likely due to market expectations of lower pork supplies due to PEDv.