Gus Ternoey's Blog – January 2014 Archive (2)

Steady Pork Exports in September: An Encouraging Sign for Trade

USDA’s red meat export data for September, delayed by the recent government shutdown, showed a fairly steady performance for U.S. pork exports, matching year-ago value while down slightly in volume. Pork exports totaled 233,816 metric tons (mt) in September, down 2% from a year ago, reports the U.S. Meat Export Federation (USMEF). Export value held steady at $683.9 million, highlighted by the highest value on record for Mexico (nearly $260 million). The value of pork muscle cut exports trended higher in September ($586.2 million, up 1%), but pork variety meat exports declined, due in part to China’s retaliatory tariffs. Excluding China, September pork and pork variety meat exports were 4% above last year. “We are encouraged by the robust and resilient global demand for U.S. pork – especially in Mexico, but also in a broad range of international markets,” says USMEF president and CEO Dan Halstrom. Through the first three quarters of the year, pork exports were 3% below the record pac

Mexico Opens Trade Investigations Into Some U.S. Pork Imports

Mexico has opened an anti-dumping and anti-subsidy probe into U.S. pork leg and shoulder imports after domestic producers alleged unfair pricing and government support, the government said on Monday. The investigation will examine 2024 imports and their impact on Mexico’s pork industry from 2022 to 2024, Mexico’s Economy Ministry said in a publication in Mexico’s government bulletin. The probe, opened after petitions from five Mexican pork companies, covers U.S.-origin pork even if shipped via third countries and could lead to duties despite current tariff exemptions. The companies argue that imports from the U.S. rose steadily in recent years and that imports were sold at unfairly low prices and/or supported by subsidies, the economy ministry said.

U.S. Pork Outlook Shifts

The December WASDE report brings key changes for U.S. pork markets: lower production and exports for 2025, but stronger demand expected in 2026. Lean hog futures are rebounding with a V-shaped bottom

Ag in the House: Dec. 8 – 11

The House won’t sit again until Jan. 26

Record Corn Exports Highlight USDA December Grain Outlook

The USDA's December report showed support for corn exports, a neutral outlook for soybeans, and continued pressure on wheat prices, while global trade remains volatile.