Pork exports likely to set new value record in 2011
Exports to Japan are coming off a record-setting value year in 2010, yet exports are up 18 percent to more than $790 million. Daley Borror also notes that pork exports to Mexico – the largest volume market for U.S. pork – had slowed in April but rebounded strongly in May. As a result, global exports are even running ahead of the all-time record pace set in 2008. If market conditions hold up reasonably well in the second half of the year, Daley Borror says U.S. pork export value will likely eclipse the $5 billion mark for the first time ever in 2011 (breaking the 2008 record of $4.88 billion).
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