The U.S. pork industry is positioning itself to be the dominant player in the pork export market during the next decade, taking advantage of growing world population and economic growth. Expanding exports through checkoff-funded foreign market development efforts is one of the highest priorities of U.S. pork producers.
Exports open up new markets and increase the demand and price for live hogs.
There are several key factors to the United States becoming the dominant world pork exporter. The United States can play a role in feeding the world s growing population. The world population in 1999 reached a record 6 billion people. Economic prosperity is expected to continue to improve also. According to the World Bank, the total world economy will grow at a rate of 3.1 percent per year in the next 10 years, increasing individual levels of income.