Belgium, USMEF: Strong pork and beef exports in October

Published 2020년 12월 9일

Tridge summary

October pork exports rose by 8% year-on-year to 242,536 metric tons, with a value increase of 8% to $641.1 million. Muscle cut exports experienced a 10% rise in value. From January to October, pork exports surpassed the previous year's record by 15%, reaching 2.46 million metric tons and a value of $6.33 billion. Beef exports in the same period saw a slight decrease but reported a 5% increase in beef muscle cut exports in October. Despite challenges like labor shortages, the U.S. red meat industry remains optimistic, with demand strengthening and retail demand driving export growth prospects.

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

Original content

October pork exports were up 8% year-over-year to 242,536 metric tons (mt), with value also increasing 8% to $641.1 million. Through the first 10 months of the year, exports were 15% ahead of last year’s record pace at 2.46 million mt, with value up 16% to $6.33 billion. October muscle cut exports posted double digits gains at 201,723 mt (up 11%), with value up 10% to $551.8 million. This pushed January-October totals for pork muscle cuts to 2.07 million mt (up 20%) valued at $5.49 billion (up 18%). Pork export value averaged $46.87 per head slaughtered in October, down 3% from a year ago, but the January-October average was still 12% higher at $57.33. Exports accounted for 26% of total pork production in October and 23.2% for muscle cuts only, up from 24% and 20.9%, respectively, a year ago. Through October, exports accounted for 29.2% of total production and 26.5% for muscle cuts, each up significantly from the 2019 ratios of 26% and 22.6%. October beef exports were slightly ...

Source: EuroMeat