US pork exports hit record levels in September

Published 2024년 11월 7일

Tridge summary

In September, U.S. pork and beef exports experienced notable growth compared to the previous year, with pork exports increasing by 8% in volume and 6% in value, and beef exports rising by 5% in volume and 6% in value. Pork exports are poised to set annual records in 2024, fueled by demand in regions like Central America, Southeast Asia, and Oceania, along with significant growth in Colombia and Mexico. While beef exports saw a slight decline in cumulative volume, their value increased due to strong demand in Asian markets such as Japan, Taiwan, and Korea, as well as emerging markets like the Philippines and Indonesia. Additionally, lamb meat exports, despite a dip in September, have surpassed last year's volume by 13% year-to-date, with growth observed in the Caribbean, Mexico, and some Asian markets.

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

Original content

U.S. pork and beef exports have increased in September compared to the same month last year, putting pork on track to set annual records in volume and value for 2024, according to data from the U.S. Department of Agriculture (USDA) and the U.S. Meat Export Federation (USMEF). In September, pork exports reached 238,047 t, an increase of 8% from the previous year, with a value of $685.1 million (up 6%). During the first nine months of 2024, pork exports have increased by 5% in volume (2.23 Mt) and 7% in value, reaching $6.36 billion. This sustained growth is driven by small and medium-sized markets in Central America, Southeast Asia and Oceania, as well as strong growth in Colombia. Mexico, the top destination for U.S. pork, continues to grow at a record pace, along with Central America and several Caribbean markets. As for beef, exports in September increased by 5% in volume, reaching 103,980 t, and by 6% in value, at $843.8 million. Despite a slight decrease in cumulative volume ...

Source: Agrodigital