USA: Broad-based growth for April pork exports, beef exports trend lower

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United States

Published Jun 9, 2023

Tridge summary

April exports of U.S. pork achieved gains in a wide range of markets, according to data released by USDA and compiled by USMEF, while beef exports were below the very large totals posted a year ago. Propelled by another month of widespread growth, April pork exports totaled 243,789 metric tons (mt), up 15% from a year ago, while value increased 10% to $660.1 million. For January through April, pork exports climbed 14% to 960,480 mt, valued at $2.62 billion (up 13%).

Original content

“International demand continues to be a positive for the entire pork supply chain,” said USMEF President and CEO Dan Halstrom. “While Mexico remains a star performer for U.S. pork, it’s really encouraging to see growth in many markets. Latin American demand has remained strong while the momentum for U.S. pork into the Asia Pacific region has also been increasing. This is critical for maximizing carcass value and generating revenue for an industry that is facing difficult economic conditions.” April beef exports were 10% below last year at 111,416 mt, while value fell 18% to $859.5 million. Through the first four months of 2023, beef exports were down 8% in volume (437,910 mt) and were 21% lower in value ($3.21 billion) compared to last year’s record pace. “With U.S. beef supplies tightening, it’s difficult to keep pace with the remarkable export totals posted in the first half of 2022, but exports continue to account for a similar share of production as last year’s record,” ...

Source: Usmef