USA: March beef export value highest in nine months

Published 2024년 5월 6일

Tridge summary

March exports of U.S. pork and beef saw varied results, with pork exports remaining steady and reaching a seven-year high in value, while beef exports experienced a slight decrease but achieved the highest value since June 2023. Pork exports to Mexico experienced a slight decline due to the timing of Easter, but overall global shipments remained strong. Beef demand in the Caribbean was particularly strong, and there was a notable rebound in demand in the Middle East. Meanwhile, exports to Korea, Colombia, Central America, and Australia contributed to the pork industry's growth. Lamb exports saw a decrease in volume but an increase in value, driven by higher prices in the Caribbean, Mexico, and Canada.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

March exports of U.S. pork were steady with last year’s volume and edged higher in value, according to data released by USDA and compiled by the U.S. Meat Export Federation. Beef exports were below last March’s large volume, but export value was the highest since June 2023. Pork exports totaled 260,430 metric tons (mt) in March, up 0.1% from a year ago, valued at $740.8 million — up 2% year over year and the seventh-highest on record. Through the first quarter, pork exports increased 6% to 762,784 mt, while export value climbed 7% to $2.11 billion. “Another strong month on the pork side, and one that illustrates the importance of export market diversification,” said USMEF President and CEO Dan Halstrom. “Shipments to Mexico cooled a bit, reflecting the earlier timing for Easter, and yet the global total remained very robust through increases to Korea, Colombia, Central America and Australia. When export value exceeds $70 per head slaughtered, that’s welcome news for pork producers ...

Source: Provisioner