USA: March pork exports largest in nearly two years, beef exports show signs of a rebound
Published 2023년 5월 5일
Tridge summary
The article highlights the positive trends in U.S. pork and beef exports in the first quarter of 2023, with pork exports experiencing a notable increase of 14% in volume and 15% in value compared to the previous year, reaching the ninth largest volume and value on record. Beef exports also showed improvement, despite initial challenges, with a 16% increase in volume to Mexico and a 17% increase in export value.
Pork exports to Mexico and the Dominican Republic experienced significant growth, with Mexico continuing to set record levels and the Dominican Republic showing a remarkable 87% increase in pork imports. Other regions like Brazil, the Caribbean, and the Philippines also contributed to the pork export growth. Beef exports also found traction in Mexico and other markets, including South Korea, China/Hong Kong, and the Caribbean, despite facing challenges in Japan and China.
Additionally, lamb exports showed positive trends, with a 35% increase in the first quarter compared to the previous year, achieving the largest volume since 2017. However, concerns have been raised about the accuracy of lamb variety meat export data to Mexico. Overall, the report highlights the resilience and growth of U.S. pork, beef, and lamb exports in the face of global market challenges.
Pork exports to Mexico and the Dominican Republic experienced significant growth, with Mexico continuing to set record levels and the Dominican Republic showing a remarkable 87% increase in pork imports. Other regions like Brazil, the Caribbean, and the Philippines also contributed to the pork export growth. Beef exports also found traction in Mexico and other markets, including South Korea, China/Hong Kong, and the Caribbean, despite facing challenges in Japan and China.
Additionally, lamb exports showed positive trends, with a 35% increase in the first quarter compared to the previous year, achieving the largest volume since 2017. However, concerns have been raised about the accuracy of lamb variety meat export data to Mexico. Overall, the report highlights the resilience and growth of U.S. pork, beef, and lamb exports in the face of global market challenges.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
SLIDES OF FIRST QUARTER EXPORT HIGHLIGHTS March exports of U.S. pork were the largest since May 2021, according to data released by USDA and compiled by USMEF. While below last year’s high volume, March beef exports were the largest since October. March pork exports totaled 260,195 metric tons (mt), up 17% year-over-year and the ninth largest volume on record. Export value was also ninth largest at $724 million, up 18% from a year ago. These results capped a strong first quarter for U.S. pork as exports reached 716,691 mt, up 14% from a year ago, valued at $1.96 billion (up 15%). “It’s great to see U.S. pork exports continue to expand in many of our Western Hemisphere markets, but there is also notable momentum in the Asia Pacific,” said USMEF President and CEO Dan Halstrom. “With consumer activity in the region rebounding toward pre-COVID levels and U.S. pork very competitively priced compared to European product, 2023 holds excellent potential for broad-based growth.” Beef ...
Source: Usmef
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