David Newman, a pork producer in south-central Missouri, knows how important export demand is to the pork industry. China has been the source of the most volatility for pork exports, with 56% from a year ago in the first quarter.
We believe China’s pork imports have reached a bottom right now,” adds Borrow. With the possibility of the country reopening for business, the outlook for exports is improving.
Newman got back from travels to Peru and Dubai. According to him, the global possibility for American pork is tremendous.
“There are a lot of opportunities in South America and just traveling south in general,” Newman says. “Mexico is a fantastic chance.” For years, it has been a showcase market for us. The Dominican Republic, Chile, Peru, and Colombia are all yearning for United States products.” According to Newman, if things remain the same if consumer purchasing power remains high, and if we can hang on to these markets, we’ll all do very well in 2022 and 2023.