US pork and beef exports remain at record highs

Published 2021년 11월 8일

Tridge summary

US beef and pork exports have continued to perform well into the third quarter of 2021, with both reaching record levels. Beef exports in September saw a significant increase of nearly 60% compared to the previous year, with a 20% rise in volume and a 59% increase in value. The first nine months of 2021 saw an 18% increase in beef exports, totaling 1.08 million tons and valued at $7.58 billion, marking a 36% increase from the same period in the previous year.

China has been a key market for this growth, with beef exports to the country increasing by 672% year-over-year through September. Pork exports, while slightly down in volume, saw an 8% increase in value in September. From January to September, pork exports were 1% above the previous record pace, totaling 2.24 million tons and valued at $6.23 billion, with China's demand for US pork rising by 17% compared to 2020.

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

Original content

US beef and pork exports remain at a record pace after the third quarter of 2021, according to data published by the USDA and compiled by the US Meat Export Federation (USMEF). cattle registered one of their best historical results in September, with an increase of almost 60% compared to last year. For its part, although pork export volume was slightly below last September, its value increased by 8%. Beef exports continued to increase in September to 123,628 metric tons (mt), 20% more than a year ago and the fourth largest volume in the post-BSE era. The value of exports increased by 59% to $ 954.1 million, the second highest month on record after August 2021.During the first three quarters of 2021, beef exports increased 18% from last year. previous year to add 1.08 million tons, valued at 7,580 million dollars, 36% more than in the same period last year. Compared to the record year of 2018, exports from January to September increased by 7% in volume and 24% in value. China has ...

Source: Cdecomunicacion