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USDA lowers pork export forecast
Story Date: 6/3/2013
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Source: Rita Jane Gabbett, MEATINGPLACE, 5/31/13
USDA left its fiscal 2013 export forecast for livestock, dairy and poultry unchanged at a record $30.1 billion as declines in pork, broiler meat and animal fats offset gains for dairy, beef and hides and skins.
Pork exports were lowered $300 million to $5.0 billion on smaller volumes and lower prices mostly due to weaker Asian and Mexican demand and sanitary and phytosanitary restrictions in Russia, according to USDA’s monthly Outlook for U.S. Agricultural Trade report.
USDA’s beef exports forecast was raised marginally to $5.1 billion. Improved market access for U.S. beef in Japan and Hong Kong combined with strong demand in other key markets are expected to offset restrictions by Russia. USDA raised its forecast for hides and skins exports by $200 million to $3 billion.
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