United States: Record value for July beef exports; pork value also strong

Published 2021년 9월 7일

Tridge summary

U.S. beef and pork exports have reached new record values in July, with beef exports value increasing by 45% year-over-year to $939.1 million, and pork exports value increasing by 20% to $657.3 million. The period from January to July also saw an 18% increase in beef export volume and a 30% increase in value, while pork exports experienced a 1% increase in volume and an 8% increase in value. Asia, especially Japan, South Korea, and Taiwan, is a major market for U.S. beef, and Mexico, Central America, and the Philippines are key markets for U.S. pork.

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

Original content

U.S. beef exports set another new value record in July, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). July export value climbed 45% from a year ago to $939.1 million, while volume was the third largest of the post-BSE era at 122,743 metric tons (mt), up 14% year-over-year. For January through July, beef exports increased 18% from a year ago to 822,830 mt, with value up 30% to $5.58 billion. Compared to the pace established in 2018, the record year for U.S. beef exports, shipments were up 6% in volume and 17% in value. July pork exports were steady with last year at 221,809 mt, but export value jumped 20% to $657.3 million. Pork variety meat exports were especially strong at 49,092 mt, up 54% from the low total posted a year ago and 16% above July 2019. Variety meat export value was the second highest on record at $116.7 million, up 69% from a year ago and 39% above 2019. For January through July, pork exports were 1% above last year’s ...

Source: Usmef