USA: Another record month for pork exports to Mexico; beef exports show modest rebound

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Published Dec 8, 2023

Tridge summary

In October, U.S. pork exports saw record-large shipments to Mexico and strong growth in other countries, resulting in a 3% increase in year-over-year exports. Export value was down 2% from the previous year to $688.2 million. U.S. beef exports improved in October, but remained below last year's totals, with increased demand in Mexico and Taiwan leading the way. Exports accounted for 28.2% of total October pork production, which was down slightly from a year ago, while January-October results for beef exports indicated a 14.1% accounting of total production - down from 15.4% in 2022.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

U.S. pork exports posted another strong performance in October, led by record-large shipments to Mexico and broad-based growth elsewhere, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). October beef exports remained well below last year’s large totals but improved from September, led by stronger demand in Mexico and Taiwan. October pork exports totaled 245,345 metric tons (mt), up 3% year-over-year and the largest since June, valued at $688.2 million – down 2% from a year ago. For the first 10 months of 2023, pork exports increased 9% from a year ago to 2.38 million mt, with value up 6% to $6.66 billion. “At a time when the U.S. pork industry needs to maximize revenue, I run out of superlatives when talking about the remarkable demand we are seeing in Mexico,” said USMEF President and CEO Dan Halstrom. “Pork exports are also achieving excellent growth across the Western Hemisphere and retaking market share in the Asia-Pacific.” Beef ...

Source: Usmef