US: September pork exports continue upward trend, pace cools for beef

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United States

Published Nov 5, 2022

Tridge summary

U.S. pork exports topped year-ago totals for the second consecutive month in September, according to data released by USDA and compiled by USMEF. September beef exports were below last year for the first time in 2022, but exports remain on a record pace through the first three quarters of the year. Pork exports reached 222,202 metric tons (mt) in September, up 1% from a year ago. Export value increased 9% to $664.8 million – the highest since June 2021.

Original content

Through September, pork exports were 13% below last year at 1.94 million mt, valued at $5.57 billion (down 11%). September beef exports totaled 115,487 mt, valued at $890.3 million, down 7% from a year ago in both volume and value. For the first nine months of 2022, beef exports were still 4% above last year at 1.12 million mt. Export value reached $9.12 billion, up 20% and already achieving the second highest total for any calendar year, trailing only the 2021 record ($10.58 billion). “It’s very encouraging that U.S. pork exports continue to gain momentum, especially on the value side,” said USMEF President and CEO Dan Halstrom. “Once again we see the importance of market diversification, as the strong September performance was achieved even as the volume shipped to Mexico eased to some degree.” While beef exports remain well-positioned to reach new heights in 2022, the September results reflected significant headwinds that have been building for some time. “Demand for U.S. beef ...

Source: Usmef