Growth in U.S. pork industry trade
March 15, 2007
by FoodBusinessNews.net Staff
COLUMBIA, MO. — Among other changes in U.S. Pork exports in the last 21 years are a growth in exports from 86 million lbs carcass weight in 1986 to 3 billion lbs in 2006, according to data conducted by the National Pork Board and the University of Missouri.
Additionally, the value of pork and pork byproduct exports has increased from $1.97 per hog slaughtered in 1986 to $27.34 per head harvested in 2006. Overall, the pork industry has grown at an additional rate of around 0.8% per year on average over the last 21 years.
Glenn Grimes, an economist with the University of Missouri, said this means the pork industry was about 16 million heads larger in 2006 than it would have been had pork imports and exports remained at 1986 rates.