U.S. pork exports build momentum; beef export value sets annual record

Published 2023년 1월 6일

Tridge summary

November 2022 saw a peak in U.S. pork exports, with the highest volume and value of the year, continuing a trend of growth in the sector despite challenges. Record exports were made to Mexico and the Dominican Republic, with notable increases in shipments to China/Hong Kong, South Korea, and the Philippines. Beef exports, while not reaching the same highs as pork, still achieved a full-year record value of nearly $11 billion, largely due to strong demand in several Asian markets. Lamb muscle cut exports also saw significant growth in November, particularly in the Caribbean, with increased shipments to Mexico and Canada. Overall, the U.S. Meat Export Federation remains optimistic about the outlook for U.S. beef, pork, and lamb exports despite economic uncertainties.

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

Original content

November exports of U.S. pork were the largest of 2022 in both volume and value, according to data released by USDA and compiled by the U.S. Meat Export Federation. November beef exports were below the large year-ago totals, but 2022 export value already set a full-year record of nearly $11 billion. Pork exports reached 245,663 metric tons in November, up 3% from a year ago, while export value climbed 10% to $725.1 million. In both volume and value, exports were the highest since May 2021. For January through November, pork exports were 10% below the previous year at 2.43 million mt, valued at just under $7 billion (down 7%). Pork exports to Mexico and the Dominican Republic were record-large in November, with shipments to Mexico topping $200 million for the second consecutive month. Exports also trended higher year-over-year to China/Hong Kong, South Korea and the Philippines. November results were also bolstered by excellent growth in pork variety meat exports, which were up ...

Source: NationalHogFarmer