In the past 21 years, U.S. Pork exports have grown from 86 million pounds carcass weight equivalent in 1986 to 3 billion pounds in 2006. Another comparison shows that the
“Export growth is good news for pork producers,” says Glenn Grimes, an economist with the
Grimes is one of three economists who conducted the National Pork Board-sponsored analysis. Grimes,
The value of pork and pork byproduct exports has grown from $1.97 per hog slaughtered in 1986 to $27.34 per head harvested in 2006. These changes in trade have permitted the pork industry to grow at an additional rate of about 0.8 percent per year on average during the last 21 years.
“In other words, the
“Based on our efforts to calculate the effect of imports and exports on the price of hogs between 1986 to 2006, we believe these estimates are conservative because they show that prices increased only in the year when net exports grew,” Grimes continues. “We assumed producers reacted to higher prices by increasing the
“We believe the total income of all
Pork producers have spent nearly $59 million in the last 21 years to promote exports through national pork checkoff funds.
Source: National Pork Board