U.S. Agricultural Exports
- Pork Exports:
- Forecasted to increase by $300 million to $7.4 billion in fiscal year (FY) 2025.
- Growth is driven by firm international prices, ample domestic supplies, and increased market share in countries like South Korea and Australia.
- Pork variety meats exports are also expected to rise by $100 million, reaching $2.2 billion due to higher volumes.
- Livestock, Poultry, and Dairy Exports:
- Overall exports in this category are forecast to decline slightly by $100 million in FY 2025, totaling $38.6 billion.
- This decrease is mainly due to a sharp decline in beef exports, which offsets increases in pork and poultry.
Swine Import and Market Insights
- Pork Imports:
- Expected to remain unchanged at $2.2 billion in FY 2025, consistent with FY 2024 projections.
- While U.S. domestic pork production remains strong, competition from other countries like Canada has influenced trade values and volume.
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