USA: Pork exports robust in January, slow start for beef exports

Published Mar 9, 2023

Tridge summary

U.S. pork exports in January saw a 13% increase to 236,767 metric tons, with an 16% rise in export value to $643.4 million, driven by growth in Mexico, China/Hong Kong, Japan, and other countries. On the other hand, U.S. beef exports experienced a slowdown, with a 15% decrease to 100,942 metric tons in January, valued at $702.3 million. The decline in beef exports was evident in several Asian markets, although there was an increase in shipments to Mexico, the Dominican Republic, and Africa. Lamb exports also started 2023 strongly, with a 161% increase to 222 metric tons, doubling the export value to $1.1 million.

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

Original content

U.S. pork exports, which posted a strong finish in 2022, maintained momentum in January, according to data released by USDA and compiled by USMEF. U.S. beef exports were record-breaking in 2022 but slowed late in the year. This trend continued in January, as shipments were well below the large totals from a year ago. January pork exports totaled 236,767 metric tons (mt), up 13% year-over-year, while export value climbed 16% to $643.4 million. Exports to Mexico, which finished 2022 on a remarkable run on the way to an annual record, set another volume record in January. Exports also trended significantly higher year-over-year to China/Hong Kong, Japan, Canada, the Dominican Republic, Colombia, Honduras and the ASEAN region. “While Mexico is certainly the pacesetter for U.S. pork exports, it’s encouraging to see such broad-based growth,” said USMEF President and CEO Dan Halstrom. “Market diversification is always a point of emphasis for the U.S. industry, and it’s more important ...

Source: Usmef