US red meat exports maintain record pace through Q3

Published 2021년 11월 8일

Tridge summary

U.S. beef and pork exports have reached record levels through September, with beef exports experiencing a 20% increase to the fourth largest volume since the BSE era, and pork exports showing a 1% rise despite an 8% value increase. Japan, South Korea, and China/Hong Kong are projected to become $2 billion destinations for U.S. beef in 2021, with significant growth in chilled beef exports to these countries. China's demand for U.S. pork variety meat has remained strong, contributing to a 17% increase in pork variety meat exports to 405,744 metric tons, valued at $949.1 million. Beef variety meat exports also saw a 10% increase, led by strong markets in Japan, Mexico, Central and South America, and the ASEAN region.

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

Original content

U.S. beef and pork exports have maintained record pace through September, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef exports posted one of the best months on record in September, with value climbing nearly 60% above last year. Pork export volume was slightly below last September but value still increased 8%. Beef exports continued to soar in September at 123,628 metric tons (mt), up 20% from a year ago and the fourth largest volume of the post-BSE era. Export value jumped 59% to $954.1 million – the second highest month on record, trailing only August 2021. For the first three quarters of 2021, beef exports increased 18% from a year ago to 1.08 million mt, valued at $7.58 billion – up more than $2 billion (36%) from the same period last year. Compared to the record year of 2018, January-September exports were 7% higher in volume and up 24% in value. Japan, South Korea and China/Hong Kong are all on track to be $2 billion ...

Source: NationalHogFarmer