US: September pork exports continue upward trend, pace cools for beef

Published 2022년 11월 4일

Tridge summary

U.S. pork and beef exports have shown mixed results in September, with pork exports increasing by 1% in volume and 9% in value compared to the same period last year, reaching a high since June 2021. Despite this, overall pork exports for the first nine months of 2022 were down by 13% in volume and 11% in value. On the other hand, beef exports in September were down by 7% in both volume and value from the previous year, but they remain 4% above last year's first nine months, with a value of $9.12 billion, marking a 20% increase. Pork exports to Mexico, Japan, and South Korea experienced growth, while beef exports to China/Hong Kong also increased by 5%. However, beef exports to Korea opened a quota that temporarily eliminated the tariff rate advantage of U.S. beef over major competitors. Lamb muscle cut exports to the Caribbean nearly doubled, and USMEF has raised concerns about the accuracy of export data for lamb variety meat to Mexico.

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

Original content

U.S. pork exports topped year-ago totals for the second consecutive month in September, according to data released by USDA and compiled by USMEF. September beef exports were below last year for the first time in 2022, but exports remain on a record pace through the first three quarters of the year. Pork exports reached 222,202 metric tons (mt) in September, up 1% from a year ago. Export value increased 9% to $664.8 million – the highest since June 2021. Through September, pork exports were 13% below last year at 1.94 million mt, valued at $5.57 billion (down 11%). September beef exports totaled 115,487 mt, valued at $890.3 million, down 7% from a year ago in both volume and value. For the first nine months of 2022, beef exports were still 4% above last year at 1.12 million mt. Export value reached $9.12 billion, up 20% and already achieving the second highest total for any calendar year, trailing only the 2021 record ($10.58 billion). “It’s very encouraging that U.S. pork exports ...

Source: Usmef