Score for the big guys! 🎉May 14, 2023
🇺🇲🐷 US pork exports posted a very strong first quarter – score for the big guys! They increased 14% from last year, and their value climbed 15%. But why is 2023 turning out to be such a promising year for US export growth? The pork situation in the EU is the answer, with its industry facing mounting production challenges, not to mention the significant financial losses, which have been contributing to tightening supplies and rising hog and pork prices.
• All in all, with disturbances in the pork leaving the block, the US Meat Export Federation (USMEF) sees opportunities to increase our market share in several key destinations – China, Japan, South Korea, the Philippines, Oceania, and Taiwan, are all regions of interest. Interested in details about them? Read this.