Pork's Time to Shine
With your Southeast Regional Ag News, I am Haylie Shipp. This is the Ag Information Network.
Move over chicken. Pork, you’re up!
Recent long-term projection data out from the U.S. Department of Agriculture shows the volume of U.S. red meat exports in all major categories is projected to grow through 2033. Rising incomes abroad and a moderately declining real exchange rate of the U.S. dollar against the currencies of major agricultural trading partners lend support to U.S. red meat and poultry exports.
And, as things climb higher, they’re also predicting a change in the lead. By 2028, pork exports are set to exceed exports of broiler chickens for the first time since 1976.
Steady growth in U.S. pork production, driven by a combination of increasing slaughter weights, rising pigs per litter, and higher inventories, is projected to support rapid growth in exports. Meanwhile, new environmental policies in the European Union are expected to impact pork production and reduce the growth of EU exports, which will enhance U.S. competitiveness
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Beef exports, which are expected at an 8-year low for 2024, are projected to fall further in 2025 before beginning a steady climb through 2031.
