US meat exports fell by 5% cumulatively in the first months of the year

Published 2024년 6월 17일

Tridge summary

In April, the United States saw a slight increase in beef and offal exports, reaching a volume of 111,580 tons and a value of $898.7 million, the highest since June 2023. This growth was evident in several Western Hemisphere markets, including Mexico, Japan, and the Middle East. Despite a slight decrease in volume, the value of beef exports for the first four months of 2024 increased by 5% to $3,015 million. Mexico, the Caribbean, Central America, and the Middle East have been major contributors to this growth, with U.S. beef continuing to dominate in Korea and Taiwan.

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Original content

Faxcarne/ US beef and offal exports in April totaled 111,580 tons (86,338 tons of meat alone), a slight increase over the previous year and the highest volume since June 2023. The value of exports increased 5% to US$898.7 million, also the highest since June. Shipments to Mexico reached the highest value in more than three years, while exports also showed a year-on-year upward trend to several other Western Hemisphere markets and to Japan and the Middle East. During the first four months of 2024, the value of beef exports increased 5% year-on-year to US$3,015 million, despite a 5% decrease in volume (328,784 tons). “Mexico also continued to shine on the beef side, along with the Caribbean, Central America and the Middle East,” said USMEF President and CEO Dan Halstrom. “These markets are benefiting from foodservice demand and monetary advantages compared to major Asian markets. Headwinds in Asia remain formidable, but Japan's tourism boom has helped ...

Source: Elagro