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Canada’s Pork Exports Trend Lower through February; Beef Exports Higher

Canadian-pork-trade

Canada’s February pork/pork variety meat exports were down 9 percent year-over-year to 82,390 metric tons (mt). For January-February, exports were down 5 percent to 163,396 mt as larger volumes for the United States (965,219 mt, +30 percent), Japan (28,984 mt, +2 percent), Mexico (16,147 mt, +31 percent), South Korea (6,996 mt, +51 percent), Taiwan (6,637 mt, +77 percent), Australia (5,886 mt, +73 percent) and Hong Kong (5,462 mt, +200 percent) did not fully offset steep declines for China (10,495 mt, -52 percent) and the Philippines (4,258 mt, -38 percent), as well as the loss of the Russian market, which took 24,447 mt in the first two months of 2014.

U.S. net imports of Canadian pork in February totaled 16,484 mt, up 62 percent from a year ago. Through March 21, U.S. imports of Canadian hogs in 2015 were up 10 percent to 1.176 million head. Feeders increased 4 percent to 908,000 head, while direct slaughter barrows and gilts were up sharply (140,547 head, +91 percent). Factors pulling hogs south include the stronger U.S. dollar and a pork plant strike in Quebec.

Canadian-beef-trade

Canadian beef/beef variety meat exports maintained their positive trend in February, increasing 4 percent from a year ago to 23,582 mt. This pushed January-February results up 11 percent to 49,140 mt, led by larger exports to the U.S. (36,101 mt, +15 percent), Mexico (4,287 mt, +17 percent) and Japan (2,060 mt, +20 percent). Exports to China were up 26 percent to 1,795 mt before China suspended imports of Canadian beef on Feb. 27 due to Canada’s recent classical BSE case. Imports were also suspended by Korea, Peru, Taiwan and Belarus, but markets that closed as a result of the BSE case accounted for only 4 percent of Canada’s 2014 exports.

Canada’s imports through February were up 8 percent year-over-year to 32,917 mt, as larger volumes from Uruguay (8,098 mt, +252 percent) offset smaller imports from the U.S. (18,920 mt, -14 percent) and modest decreases from Australia and New Zealand. U.S. net imports of Canadian beef were 7,942 mt in February, up 74 percent from a year ago. Through March 21, U.S. imports of Canadian cattle in 2015 were down 18 percent to 250,293 head, although feeder imports increased 14 percent to 125,019 head.

Data sources: Global Trade Atlas and USDA-AMS