A livestock economist says while exports of US pork are running below year-ago levels, it’s not all bad news.
University of Missouri livestock economist Scott Brown says there’s really no other countries trying to grow pork supplies. “And so the competition from the rest of the world is maybe less than it’s been in the past, the EU’s not growing, which typically would take a lot of pork exports,” he says.
He tells Brownfield that puts the US pork industry in a pretty good position. “It leaves the United States in a position to gain export shares,” he says. “Even though prices are much higher and the dollar has strengthened.”
Year-to-date pork exports are down 14.3%.
Cattle prices could be headed to record highs in 2023 Brown says that could also mean record high beef prices for consumers.