Despite the outbreak of the H1N1 influenza virus and the prolonged slowdown in global economic activity, U.S. pork exports held up reasonably well in April of 2009.
“The good news is that in spite of the turmoil we saw in the latter part of the month, April pork exports were not down as much as had been predicted, given the continued economic slump,” says Philip Seng, U.S. Meat Export Federation president and chief executive officer.
Pork plus pork variety meat exports declined by 10 percent in volume compared to April 2008, reports USMEF. However, the drop in value was limited to about 4 percent. For the first four months of the year, pork export volume (1.43 billion pounds) is about 3 percent above the record pace of 2008. The value has increased about 6 percent to nearly $1.5 billion.
Mexico continues to be the pacesetter for U.S. pork exports in 2009, with April exports climbing 61 percent in volume and 50 percent in value compared to last year. For the first four months of the year, pork export volume to Mexico rose 71 percent to 390.6 million pounds, and the value increased 62 percent to $265 million.
Source: National Pork Board