Demand for U.S. beef continues to climb, pork exports trend lower

Frozen Bone-In Beef

Other Frozen Pork Cuts

Lamb

United States

Published Apr 8, 2022

Tridge summary

U.S. beef exports posted another strong performance in February, according to data released by USDA and compiled by the U.S. Meat Export Federation, led by excellent value growth in key Asian and Latin American markets. Pork exports trended lower year-over-year, as larger shipments to Mexico and Japan did not offset the continued decline in demand from China/Hong Kong. Lamb exports continued to gain momentum, reaching the highest monthly value since 2014.

Original content

"Rarely have we seen so many outside forces creating headwinds for U.S. meat exports and such uncertainty in the global marketplace," says USMEF President and CEO Dan Halstrom. "Yet consumer demand for high-quality beef, pork and lamb has proven resilient, and USMEF sees opportunities for further growth in both established and emerging markets." Beef export value approaches $2 billion after just two months Beef exports totaled 108,501 metric tons in February, up 5% from a year ago, while value climbed 35% to $904.4 million. Through the first two months of the year, exports increased 9% to 227,567 mt, while value soared 46% to $1.93 billion. "Broad-based growth has become a recurring theme for U.S. beef exports, as international demand has never been higher and global supplies remain tight," Halstrom says. "We anticipated a lift from COVID-related foodservice restrictions being eased in many destinations. This materialized late last year and in early 2022, although conditions ...

Source: NationalHogFarmer