US beef export value climbs in June

Published Aug 9, 2024

Tridge summary

U.S. beef and pork exports in June reached the highest value in nearly two years and first half of the year respectively, with beef exports to Japan seeing an 8% increase from last year despite economic challenges. Pork exports to Mexico experienced a slight decrease but export value increased by 4%, and demand in Korea remained strong with a 20% increase in exports. Meanwhile, Central American markets showed significant growth in import value of U.S. pork. Lamb exports also saw a rise in both volume and value for the first half of 2024.

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

Original content

June exports of U.S. beef reached the highest value in nearly two years, according to data released by USDA and compiled by the U.S. Meat Export Federation. While June pork exports were lower year over year, shipments through the first half of the year remained ahead of the record value pace of 2023. Beef exports totaled 110,155 metric tons in June, down 4% from a year ago but the second-largest of 2024. Export value reached $938.3 million, up 3% year over year and the highest since August 2022. Through the first half of the year, beef export value climbed 5% from a year ago to $5.22 billion, despite a 4% decline in volume (643,733 mt). “June beef exports performed very well in Japan, which was great to see given the significant headwinds U.S. beef has faced there this year,” said USMEF President and CEO Dan Halstrom. “Export value also rebounded nicely in Korea and shipments to Taiwan and Canada were outstanding. This made for another strong month in terms of export value per ...

Source: Provisioner