U.S. red meat exports exceed year-ago levels in October; pork exports hit record pace

Published 2024년 12월 11일

Tridge summary

October beef and pork exports saw positive growth with a 1% increase in volume and a 3% increase in value from the previous year, totaling 105,269 metric tons and $860.4 million respectively. This growth is attributed to rebounding markets in China/Hong Kong and South Korea, as well as Central America, the Caribbean, and the ASEAN region. Despite a 2% decline in volume, the January-October beef export value increased by 4% to $8.68 billion. Pork exports also saw a 5% increase to 2.49 million tons, valued at $7.07 billion, with significant growth in Japan and other regions. Lamb exports also experienced a 12% increase in volume and a 14% increase in value to 2,298 metric tons and $12.1 million respectively, driven by demand in the Caribbean.

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

Original content

Rebound in China/Hong Kong and Korea boosts October beef exports October beef exports totaled 105,269 metric tons™, up 1% from a year ago, while value increased 3% to $860.4 million. Shipments to Mexico maintained their impressive performance in October 2024, while exports to South Korea and China/Hong Kong rebounded, and were up year-over-year in Central America, the Caribbean and the ASEAN region. From January to October, beef export value was 4% above last year at $8.68 billion, despite a 2% decline in volume (1.066 billion mt). “It is encouraging to see a rebound in demand for U.S. beef in China and Korea, where economic headwinds have been formidable this year,” said USMEF President and CEO Dan Halstrom. “Our Western Hemisphere markets have been exceptional, and exports have also expanded to the ASEAN region. So if U.S. beef can regain momentum in these larger Asian destinations, this bodes well for 2025,” says the U.S. Meat Export Federation. Strong October performance ...

Source: Agromeat