Tridge summary
Pork and beef exports experienced mixed results in December 2022, with pork exports increasing by 13% in volume and 14% in value, while beef exports saw a decrease of 7% in volume and 21% in value due to a significant drop in exports to China/Hong Kong. Despite this, the positive removal of COVID restrictions in China offers hope for increased demand in 2023. For the year, beef export volume increased by 2% to a record 1.47 million tonnes, with a 10% increase in export value to $11.68 billion. Pork exports, on the other hand, saw a decrease in volume but an increase in value, with record exports to Mexico and Central America. Lamb muscle cuts exports also saw a significant increase in both volume and value. The article highlights the resilience and diversity of the meat export industry, even amidst challenges like supply constraints and COVID-related impacts.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.
Original content
Pork data showed that exports ended up lower year-over-year, but export value was the third largest on record trailing only 2020 and 2021. USMEF added that pork exports continued to garner momentum in December led by another strong performance in Mexico. Total beef exports for the month of December came in at 112,707 tonnes, with export volume down 7% from a year ago. Value also fell 21% to $782.6 million. USMEF said the December decline was due in part to a sharp drop in exports to China/Hong Kong, where demand had been constrained by persistent zero-COVID policies. China lifted most COVID restrictions in early December and resumed some international travel in early January. Along with the recent easing of COVID-related cold chain regulations and inspections, these changes offer a more optimistic demand outlook for 2023. “2022 was a ground-breaking year for US beef’s international presence, with global demand stronger than I’ve seen in all my years in the industry,” said Dan ...
Source: Meat+Poultry
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