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Canadian Pork Exports Lower in May; Beef Exports Largest Since 2012

US-Canada-Pork-Trade

Canada’s pork/pork variety meat exports slowed in May to 89,713 metric tons (mt), the lowest since January and down 6 percent from a year ago. For January through May, exports were down 3 percent to 447,131 mt, as lower volumes to China, South Korea, the Philippines and Australia were not fully offset by growth to Japan and Russia. Exports to the United States were steady in May and up 2 percent for the year. While Russia has been Canada’s biggest growth market this year, exports still trail 2012 volumes by 24 percent and are plagued by uncertain market access.

U.S. net imports of Canadian pork in May were 9,226 mt, the smallest since August but still up 12 percent from a year ago. Canada’s 2014 hog slaughter (through June 20) is down 2 percent to 9.385 million head. U.S. live imports from Canada total 2.9 million head, down 9 percent.

US-Canada-beef-Trade

Canada’s May beef/beef variety meat exports were the largest in more than two years at 27,591 mt, up 12 percent from a year ago. January-May exports were up 9 percent to 126,296 mt. Strong exports to the United States – Canada’s dominant market – were up 7 percent in May (17,954 mt) and 10 percent for the year (91,044 mt). Canada’s exports to Hong Kong rebounded in May (2,663 mt, +26 percent) but remain lower for the year (9,731 mt, -12 percent). Exports to Mexico were strong in May and sharply higher (9,501 mt, +54 percent) for the year. Exports to China remain small, but were significantly higher year-over-year in May (659 mt, +74 percent) and for January through May (3,465 mt, +73 percent).

U.S. net imports of Canadian beef in May were lower than the previous two months at 4,344 mt, but still up 51 percent from a year ago. This year’s live cattle imports from Canada (through June 20) are up 10 percent to 606,713 head, including a larger number of feeders (224,773 head, +43 percent) and a sharp increase in breeding heifers at (14,491 head, +169 percent). Direct-slaughter fed cattle (199,865 head, -5 percent) and slaughter cows (130,880 head, -11 percent) are lower. Canadian cattle slaughter is up 4.4 percent year-over-year to 1.29 million head.

Sources: Global Trade Atlas and USDA