US red meat exports above year-ago levels, according to USMEF

Published 2024년 12월 10일

Tridge summary

US beef and pork exports experienced year-over-year growth in October, with beef exports increasing by 1% to 105,269 metric tons and valued at $860.4 million, a 3% increase from the previous year. Pork exports are on track to reach annual record highs in 2024 for both volume and value. Despite a 2% decline in volume, the value of beef exports from January to October increased by 4% compared to the previous year, reaching $8.68 billion. The US Meat Export Federation (USMEF) is optimistic about the potential for growth in demand for US beef in Asia, particularly in China and South Korea, and is encouraged by the performance of Western Hemisphere markets and expansion into the ASEAN region.

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Original content

Exports of US beef and pork posted year-over-year increases in October, according to data released by USDA and compiled by the US Meat Export Federation (USMEF), with pork exports well-positioned to set annual volume and value records in 2024. October beef exports totalled 105,269 metric tons (mt), up 1% from a year ago, while value increased 3% to $860.4 million. Shipments to Mexico maintained their impressive 2024 performance in October, while exports rebounded to South Korea and China/Hong Kong. For January through October, beef export value was 4% above last year at $8.68 billion, despite a 2% decline in volume (1.066 million mt). “It’s encouraging to see an uptick in demand for US beef in China and Korea, where the economic headwinds have been ...

Source: The Cattle Site