World Perspectives
livestock

Export Update; WASDE and Trade

First Half 2018 Exports Up; Second Half TBD June export numbers show pork shipments down for the month but up for the first half of the year. There were many pre-tariff shipments with exports setting a new record in April before dropping off in May and June. On 2 April, China increased its tariffs on U.S. pork and variety meats. It is by far the largest customer for the latter, which bring value back to the carcass. The tariffs then rose again on 6 July with the total duty on pork exports to China now at 62 percent. Moreover, domestic production in that country has increased, reducing U.S. market share. A new 10 percent tariff hit U.S. pork shipments to Mexico on 5 June, which dampened exports by 7 percent for that month versus June 2017...

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