August 2026, Week 2

This week's key points

• —China: Pork imports down 26% y/y in the first half (muscle cuts)
• —US: Pork cutout 11% below the 5-year average
• —US: Primal cutouts show relative strength in ribs and butts
• —US: Slaughter 3.6% below the 5-year average
• —US: Average carcass weight up 1.2% y/y
• —US: Weekly export sales up 29% vs. the 4-week average
• —EU: Pig prices (carcass-weight basis) down 24% y/y
• —EU: Piglet prices down 37% y/y

China: Pork imports down 26% y/y in the first half (muscle cuts)

In first-half data from China's General Administration of Customs, the decline is concentrated in muscle cuts. Offal was nearly flat (-4.8%); only muscle cuts fell sharply.