Pork exports are projected to surpass volume and value records in the US

Published 2024년 12월 9일

Tridge summary

October exports of both beef and pork saw positive growth compared to the previous year, with beef exports increasing by 1% to 105,269 tonnes and valued at $860.4 million, a 3% increase. Pork exports also rose by 3% to 252,411 tonnes, with a value of $710.4 million. Mexico continued to be a significant market for both meats, but there was also growth in exports to South Korea, China/Hong Kong, Central America, the Caribbean, and the ASEAN region. US pork exports are projected to surpass 3 million tonnes for the first time, surpassing the 2020 volume record. However, US lamb exports experienced a 2% increase in volume but an 8% decrease in value.

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

Original content

October beef exports improved 1% from year-ago levels to 105,269 tonnes, while value jumped by 3% to $860.4 million. Mexico continued to be a prominent market for US beef as it has been all throughout 2024. Exports rebounded to South Korea and China/Hong Kong and increased in Central America, the Caribbean and the ASEAN region. “It’s encouraging to see an uptick in demand for US beef in China and Korea, where the economic headwinds have been formidable this year,” said Dan Halstrom, president and chief executive officer at USMEF. “Our Western Hemisphere markets have been outstanding, and exports have also expanded to the ASEAN region. So if US beef can regain momentum in these larger Asian destinations, this bodes well for 2025.” October was also a strong month for pork performance, with exports up 3% from last year, reaching 252,411 tonnes. Value also climbed 3% to $710.4 million. Shipments to Mexico did see a slight decline but were offset by growth in Japan, Central America, ...

Source: Meat+Poultry