USMEF: US pork exports record highest figure in 30 months

Other Frozen Pork Cuts

Frozen Bone-In Beef

Meat

United States

Market & Price Trends

Published Jan 13, 2024

Tridge summary

U.S. pork exports have shown strong momentum and broad-based success in various markets worldwide, with November exports reaching record levels in Central America, Mexico, and Colombia. In contrast, U.S. beef exports in November experienced a decline in volume and value, largely impacted by economic conditions in major Asian markets and increased competition from Australian production. U.S. lamb exports also trended downward in November, despite increases in some markets like Costa Rica and Guatemala.

Disclaimer: The above summary was generated by a state-of-the-art LLM model and is intended for informational purposes only. It is recommended that readers refer to the original article for more context.

Original content

“The momentum in U.S. pork exports is notable and very broad-based,” said Dan Halstrom, president and CEO of USMEF. “While Mexico accounts for much of last year's export growth, there are success stories across the Western Hemisphere and around the world. And next year also looks very promising in both established and emerging markets.” November pork exports totaled 258,601 tonnes, up 5% from a year ago and the highest in six months. The value of exports rose 2% to $737.4 million, the highest since May 2021 and the seventh highest on record. The volume and value of pork exports to Central America reached record levels in November. Export value reached new heights in leading market Mexico at $221.3 million (up 5% year-over-year) and in Colombia at $34.3 million (up 59% year-over-year) anus). USMEF noted that exports also increased significantly to South Korea and Oceania. USMEF said annual records have already been reached in Mexico, the Dominican Republic, Malaysia and Indonesia, ...

Source: Agromeat