Robust January for U.S. pork exports, slow start for beef

Published Mar 10, 2023

Tridge summary

U.S. pork exports in January 2023 saw a 13% increase in volume and a 16% increase in value compared to the same period last year, totaling 236,767 metric tons and $643.4 million respectively. This growth was led by record-breaking exports to Mexico and significant increases in shipments to China/Hong Kong, Japan, Canada, and the ASEAN region. On the other hand, U.S. beef exports experienced a slowdown, with a 15% decrease in volume year-over-year to 100,942 metric tons, despite increased shipments to Mexico, the Dominican Republic, the Philippines, and Africa. U.S. lamb muscle cuts exports also saw a notable increase of 161% in volume and 99% in value, largely due to strong growth in shipments to Mexico and the Caribbean.

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 the U.S. Meat Export Federation. 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, 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 ...

Source: NationalHogFarmer