Snapshot of Pork and Poultry Exports to Asia
Asia is a key destination for many U.S. commodities. Despite recent disruptions, countries in this region offer great potential as markets for U.S. pork and poultry. Combined, pork and poultry production consume 88 percent of the soybean meal fed in the U.S. and nearly 92 percent of the soybean meal fed in Illinois. And so, growing demand for high-quality U.S. meat and poultry products translates to growing local demand for soybeans.
The Illinois Soybean Association (ISA) checkoff program supports U.S. Meat Export Federation (USMEF) and U.S.A. Poultry and Egg Export Council (USAPEEC) work in strategic countries to keep our animal agriculture industry – and top consumers – growing. ISA funds strategic projects that promote U.S. pork and poultry, breaking down barriers between U.S. products and international consumers.
Trade discussions and retaliations between the U.S. and China impacted U.S. pork exports, as pork was one of the products that China increased tariffs on during 2018. However, the spread of African swine fever (ASF) has significantly decreased the size of China’s swine herd. That could cause pork demand from ASF-free regions to grow.
Poultry exports to South Korea fell dramatically due to the Avian Influenza outbreak in the U.S. in 2015. Great potential remains, though it will take time to rebuild those markets. Free trade agreements like the revised Korea-U.S. (KORUS) agreement holds promise for future exports, as well.