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The US Department of Agriculture predicted an increase in pork prices in the country

The US Department of Agriculture predicted an increase in pork prices in the country

The US Department of Agriculture (USDA) expects a 1.6% increase in pork production and a 6.5% price increase in the United States in 2023, reports Nieuwe Oogst on 28 February. February.

The country’s pork production fell 2.5% last year and hog prices were 5.8% lower than the previous year. At the same time, the US imported 13.9% more pork in 2022 than in 2021 (609,000 tons). This is the highest level of imports in more than forty years.

Most major pork suppliers, with the exception of Poland and Hungary, shipped more pork to the US than in 2021. US pork exports fell 9.8% to 2.88 million tons last year. As a result, pork exports fell to their lowest level since 2019. Exports to China, Japan and the Philippines fell especially. But much more pork was exported to Mexico from the United States.

23.5% of national pork production is destined for the export market. The USDA forecasts that pork imports will fall by around a quarter this year, while exports will increase slightly by 0.2%.

Recall that Germany’s pork exports also fell by 11.3% in 2022.

Let’s also remember that the total number of cattle and calves in the United States for 2022 decreased by 3%, according to the USDA’s National Agricultural Statistics Service.

Source: Rossa Primavera

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