LIVE DATAUpdated 10 Sept 2026
🐖 Global Pork IntelligenceUS Cutout · EU Pig Prices · China Demand · ASF Risk Monitor
Global pork market intelligence covering US wholesale benchmarks (USDA AMS), EU pig carcass prices (Eurostat), China demand signals, and African Swine Fever biosecurity risk. Largest protein market by volume globally. USDA AMS public domain data. Market observation only — no buy/sell signals.
US National Pork Cutout · USDA AMS
—
$/cwt
USDA AMS LM_PK602 daily · public domain · live from DB
US Pork Belly · USDA AMS
—
$/cwt
USDA AMS weekly · highest-volatility primal · public domain
EU Pig Carcass Grade I (Germany)
~€2.05
/kg
+3.5%
Eurostat apri_ap_anouta · EU reference price · CC BY 4.0
Global Pork Trade
~10M
MT/yr
USDA FAS PSD 2023 · China drives 55% of world production
Market Price — Canonical Data
PRODUCT
Pork
Specification: National Pork Cutout Composite (USDA AMS LM_PK602)
TRADE STAGE
Wholesale Cutout
Wholesale Cutout
HS CODE
HS 020319
GEOGRAPHY
USA
UNIT
$/cwt
DATE
Aug 2026
Calculation: Volume-weighted average of pork primal cuts (belly, ham, loin, picnic, rib)
Source: USDA Agricultural Marketing Service · ams.usda.gov
Confidence: VERY HIGH · $/cwt = US dollars per hundredweight (100 lbs). Published daily. Most liquid pork benchmark in the world.
Price series loading…
Export Monitor
VOLUME
2.85M MT/yr
VALUE
~$7.6B/yr
YoY
+1.8%
AVG PRICE
$2667/MT
Global Export Benchmark
Cost Drivers
Corn + Soybean Meal Feed
STABLECorn flat YoY; SBM slightly elevated; feed = 70–75% of US hog production cost
ASF (African Swine Fever) Risk
CONTAINEDNo new major outbreaks Q2 2025; Germany regaining market access; China endemic but stable herd
China Import Demand
DECLININGChina herd rebuilding post-ASF; domestic pork supply recovering; import volumes declining
EU Animal Welfare Costs
RISINGEU gestation crate ban, carbon border adjustment, energy costs — raising EU production CoP
US Hog Crush Margin
MODERATECutout vs live hog spread compressed; packer margins under pressure vs 2022–23 highs
Brazilian Pork Expansion
GROWINGBrazil pork exports +8% YoY; gaining China, Philippines, Singapore share at lower FOB
Market Signals
ASF WATCHCONTAINED
No active high-risk ASF outbreak in major producing regions Q2–Q3 2025
WOAH WAHIS shows no new Type II ASF in Western EU or Americas; China stable
Evidence: WOAH WAHIS database · USDA APHIS · EU EFSA ASF tracker · Jun 2025
Confidence: HIGH
CHINA DEMANDREBUILDING
China pork imports declining as domestic herd recovers; GACC data -8% YoY
Post-2018 ASF herd recovery now substantially complete; domestic supply surplus emerging
Evidence: GACC China monthly · USDA FAS PSD Q1 2025 · MLA analysis
Confidence: HIGH
US SUPPLYSTABLE
USDA Hogs & Pigs Mar 2025: farrowings flat; breeding herd -0.5% YoY
Stable feed costs; packer margins steady; no major disease or weather disruption
Evidence: USDA NASS Hogs & Pigs report · Mar 2025 · public domain
Confidence: VERY HIGH
EU COMPETITIVENESSUNDER PRESSURE
EU pork production costs rising; Spain + Iberia gaining vs Germany and Netherlands
Energy costs, welfare regulations, carbon border adjustments compressing EU margins
Evidence: Eurostat · UECBV · EC DG AGRI Pig Price Report · 2025
Confidence: HIGH
Global Buyer Intelligence
🇨🇳
China
~400K MT/yr (US only)
14%
of exports
ASF-driven deficit now unwindingPrice sensitivityWTO MFN access
China was the world's largest pork importer during the 2018–21 ASF herd collapse (~5M MT/yr total). As domestic production recovers, imports are declining. US-China trade tensions (2018–20) and tariffs redirected Chinese buying to EU, Brazil, and Canada. China remains the single most important demand swing factor.
Watch GACC monthly import data — any ASF resurgence or domestic supply shock would rapidly reverse the import decline. China domestic pork price (avg wholesale) published monthly by MOFCOM is the leading indicator.
🇯🇵
Japan
~485K MT/yr (US only)
17%
of exports
Premium chilled loinUS JPEPA accessBrand loyalty (US + EU)
Japan is the most value-dense pork export market globally — buyers pay a premium for chilled loin and belly from certified US and EU producers. JPEPA eliminated most tariffs. Japanese consumers are brand-conscious; Iberico (Spain) and Berkshire command 30–50% premiums.
US pork into Japan is well-established via JPEPA. Canadian pork competes closely. EU pork (especially Spanish Iberico) targets premium HoReCa. Exchange rate (JPY/USD) affects competitiveness — weak yen reduces US import demand.
🇲🇽
Mexico
~745K MT/yr (US only)
26.1%
of exports
USMCA duty-freeDark meat / variety cutsGeographic proximity
Mexico is the largest single destination for US pork by volume, primarily dark meat cuts (legs, shoulders, variety meat) that US consumers prefer not to eat. USMCA ensures zero tariffs. Mexican food culture (carnitas, al pastor) drives sustained demand for these cuts.
Mexico's proximity means chilled pork delivery is feasible — a structural cost advantage over distant competitors. Any peso/USD depreciation tightens Mexican buying power. Mexico's pork processing sector is growing domestically.
🇰🇷
South Korea
~370K MT/yr (US only)
13%
of exports
KORUS FTAPremium belly + loinSamgyeopsal culture
South Korea is the highest per-capita pork consumer in Asia. Korean BBQ culture (samgyeopsal = pork belly) drives specific primal demand — belly prices into South Korea are often the highest globally. KORUS FTA provides preferential access for US product vs EU competitors.
Korean buyers are sophisticated — Costco Korea is a significant channel. EU pork (especially from Germany) competes post-ASF market recovery. Korean beef and pork cycles are linked — high beef prices substitute demand into pork.
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