U.S. beef exports continue to soar; pork exports trend lower

Published 2022년 3월 15일

Tridge summary

U.S. beef exports in January 2022 saw a 13% increase in volume and a 57% increase in value compared to the same period last year, reaching a record-breaking $1.03 billion. This growth was widespread across major markets such as South Korea, China/Hong Kong, Japan, Taiwan, and the Caribbean and Central America. In contrast, pork exports experienced a 16% decrease in volume and a 14% decrease in value, with only Mexico showing significant growth. Lamb exports also surged, with a 49% increase in volume and a 59% increase in value, largely due to strong demand in Mexico. The U.S. Meat Export Federation highlighted the challenges faced by the pork industry, such as port congestion, logistical issues, and high shipping costs, and stressed the importance of market diversification.

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Original content

Coming off a record-breaking performance in 2021, U.S. beef exports remained red-hot in January, according to data released by USDA and compiled by the U.S. Meat Export Federation. Pork exports continued to trend lower in January, despite another outstanding month for exports to leading market Mexico. Wide range of markets fuel another $1 billion month for beef exports Beef exports totaled 119,066 metric tons, up 13% from a year ago, while value soared 57% to $1.03 billion. This was the third-highest value total on record – trailing only August and November of last year – and export value per head of fed slaughter set a new record, exceeding $500 for the first time. Export value to South Korea set a new record – topping $300 million – and strong year-over-year increases were achieved in China/Hong Kong, Japan, Taiwan, the Caribbean and Central America. "This is a truly remarkable run for U.S. beef exports, and the momentum is not limited to our large Asian markets," says USMEF ...

Source: NationalHogFarmer