Momentum continues for U.S. pork exports in February; beef exports below year-ago

Published Apr 6, 2023

Tridge summary

U.S. pork and beef exports saw varied results in February, with pork exports experiencing a 10% increase in value and 11% increase in volume year-over-year, largely due to a surge in pork variety meat exports to China, Mexico, and the Philippines. Beef exports, on the other hand, saw a 3% decrease in volume but a 16% decrease in value, attributed to declines in exports to Japan and South Korea, despite a rebound in exports to Mexico. Additionally, pork exports to the ASEAN region saw a 49% increase, boosted by reduced tariffs and tighter European pork supplies. Lamb exports also continued to climb, with a 70% increase in January-February exports, driven by growth in Mexico and other Central American countries.

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

Original content

U.S. pork exports remained robust in February, achieving double-digit increases over last year in both volume and value, according to data released by USDA and compiled by USMEF. Beef exports were lower year-over-year but improved from the low totals posted in January. February pork exports totaled 219,729 metric tons (mt), up 11% from a year ago, while export value increased 10% to $596 million. This included a particularly strong performance for pork variety meat exports, which jumped 40% to nearly 48,000 mt, valued at $111.8 million – up 25% and the eighth highest on record. Through February, total pork and pork variety meat exports increased 12% to 456,496 mt, valued at $1.24 billion (up 13%). “After setting a value record in 2022, the momentum for pork variety meat exports continues this year,” said USMEF President and CEO Dan Halstrom. “While this is largely attributable to a rebound in exports to China, demand is also strengthening in other markets including Mexico and the ...

Source: Usmef