Livestock Risk Partners

“Don’t get sleepy in your risk management, if you have opportunity to cover a profit, take it!”———–Jim Mintert, Purdue University
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US pork gains ground in New Zealand despite softening demand in Oceania

US pork exports to New Zealand reached 864 metric tonnes (mt) in February, a 19% increase from the previous year, according to data released by USDA and compiled by the US Meat Export Federation (USMEF). Export value surged 54% to $3.7 million. Cumulative January–February shipments climbed 43% to 1,927 mt, with export value up 59% to $7.6 million. In contrast, overall pork exports to Oceania dipped slightly. Total volume for the region edged down 1% to 18,634 mt, while export value fell 2% year-over-year to $66.4 million, as Australian demand softened compared to last year’s elevated levels.