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Strong Momentum Continues for U.S. Beef and Pork Exports
Following a record-breaking March performance, exports of U.S. beef and pork continued to build momentum in April, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).
April exports of U.S. beef set another new value record at $808.3 million, up 35% from a year ago, with export volume reaching 121,050 metric tons (mt) – up 23% year-over-year and the fifth largest on record. For beef muscle cuts, exports were the third largest ever at 94,656 mt (up 21%), valued at a record $726.7 million (up 36%). For January through April, beef exports moved 5% ahead of last year’s pace at 454,398 mt, with value up...
Record-Breaking Performance for U.S. Beef and Pork Exports in March
U.S. red meat exports ended the first quarter on a very high note, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF), with March beef and pork exports each posting the highest monthly value on record. Pork exports and shipments of beef muscle cuts also set new volume records in March.
Beef exports totaled 124,808 metric tons (mt) in March, up 8% from a year ago and the second largest of the post-BSE era. Export value broke the $800 million mark for the first time at $801.9 million, up 14% year-over-year. Beef muscle cut exports set new monthly records for both volume (98,986 mt, up 13% from a year ago) and value ($718.3 million, up 17%). For the first quarter, beef exports pulled even with last year’s pace at...
February Red Meat Exports Below Last Year, but 2021 Outlook Remains Strong
February exports of U.S. beef and pork remained below the rapid pace established in early 2020, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). However, exports were consistent with USMEF’s February projections and the federation still expects 2021 beef exports to increase substantially year-over-year, while pork exports are projected to narrowly surpass the 2020 record.
Beef exports totaled 103,493 metric tons (mt) in February, down 8% from a year ago, valued at $669.5 million (down 2%). This was due mainly to a decline in variety meat exports, as beef muscle cuts were steady with last year in value at $597.9 million on a volume of 82,530 mt (down 3%). Through February, beef exports were...
January Red Meat Exports Below Year-Ago Levels Amid Transportation, Labor Challenges
U.S. beef and pork exports opened 2021 below the large volumes posted a year ago, according to January data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).
Beef exports totaled 105,047 metric tons (mt) in January, down 2% from a year ago, while value slipped 3% to $653 million. The decline was due mainly to lower beef variety meat shipments, as muscle cut exports were steady with January 2020 at 81,398 mt, valued at...
2020 Pork Exports Shatter Previous Records; December Beef Exports Outstanding
U.S. pork exports reached nearly 3 million metric tons (mt) in 2020, topping the 2019 record by 11%, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Pork export value also climbed 11% to a record $7.71 billion. U.S. beef exports finished 2020 lower year-over-year, falling 5% in both volume (1.25 million mt) and value ($7.65 billion). But beef exports finished the year with very strong momentum, with fourth quarter volume up 4.5% from 2019 and posting one of the best months on record in December.
“Obviously the surge in demand from China, especially in the first half of 2020, was a driving force behind the record performance for U.S. pork exports,” said USMEF President and CEO Dan Halstrom...
November Beef Exports Largest in More Than a Year; 2020 Pork Exports Top Previous Annual Record
U.S. beef exports posted one of the best months on record in November, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). November was also a strong month for pork exports, which already surpassed the full-year volume and value records set in 2019.
“Demand for U.S. beef in the global retail sector has been outstanding and we expect this to continue in 2021,” said USMEF President and CEO Dan Halstrom. “Unfortunately, foodservice continues to face COVID-related challenges. We expect a broader foodservice recovery this year, especially from mid-2021, but will likely...
Strong October for Pork and Beef Muscle Cut Exports; Variety Meat Trends Lower
U.S. pork exports posted broad-based gains in October, solidifying 2020’s record pace, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef muscle cut exports were also higher than a year ago in October, though lower variety meat volumes pushed total beef exports slightly below last year.
October pork exports were up 8% year-over-year to 242,536 metric tons (mt), with value also increasing 8% to $641.1 million. Through the first 10 months of the year, exports were 15% ahead of last year’s record pace at 2.46 million mt, with value up...
Pork Exports Remain on Record Pace Through September; Beef Exports Trend Lower
September exports of U.S. pork increased 10% year-over-year, keeping 2020 exports on a record pace, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef exports were fairly steady with last year in major Asian markets but trended lower overall.
Pork exports reached 222,475 metric tons (mt) in September, with value increasing 6% to $563.2 million. Through the first three quarters of the year, exports were 16% ahead of last year’s record pace in both volume (2.22 million mt) and value ($5.69 billion). The increases were even stronger for pork muscle cuts, jumping 22% to 1.87 million mt valued at...
Red Meat Muscle Cut Exports Strong in August; Variety Meats Trend Lower
August exports of U.S. beef and pork muscle cuts were above last year’s strong volumes, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Variety meat exports were lower than a year ago, due in part to the lack of available labor required to harvest and export some items.
Led by record-large demand in South Korea and Taiwan, beef muscle cut exports were the largest in more than a year at 89,148 metric tons (mt), up 3.5% year-over-year, while export value increased slightly from a year ago to $611 million. Combined beef/beef variety meat exports were 109,752 mt in August, down 4.5% from a year ago. Export value was $673.8 million, down...
July Beef and Pork Exports Rebound, but Still Below Year-Ago
July exports of U.S. beef rebounded from recent lows but remained below 2019 levels, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). U.S. pork exports, which are on a record pace in 2020, were also down from a year ago in July but increased compared to June. July lamb exports increased year-over-year and were the largest of 2020.
“With production returning to near-normal levels, we definitely saw an improvement in beef exports, though the recovery was not quite as strong as expected,” said USMEF President and CEO Dan Halstrom. “China’s pork demand has moderated and we are also entering a time when year-over-year gains are not nearly as dramatic, as exports to China began...
Pork Exports Trend Lower in June but Remain on Record Pace; Another Tough Month for Beef Exports
June exports of U.S. pork fell below year-ago levels for the first time this year but exports remain on a record pace in 2020, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef exports were down sharply from a year ago in June, reflecting a lingering impact of a temporary slowdown in beef production combined with restrictions on foodservice and weakening economies in major import markets. June lamb exports trended higher, posting the second largest totals of 2020.
“We expected that the interruptions in red meat production would continue to weigh on June exports, but anticipated more of a rebound from the low May totals – particularly for...
Study Quantifies Value of Red Meat Exports to U.S. Corn, Soybeans
Since 2015, indirect exports of corn and soybeans through beef and pork exports has been the fastest-growing category of corn and soybean use, delivering critical returns for corn and soybean farmers. These producers support the international promotion of U.S. beef, pork and lamb by investing a portion of their checkoff dollars in market development efforts conducted by the U.S. Meat Export Federation (USMEF).
USMEF has released an updated version of the independent study aimed at quantifying the value red meat exports provide to U.S. corn and soybean producers. The original study was conducted in 2016 with updates also released in 2018 and 2019. Key findings from the latest version, which utilizes 2019 export data, include...
Production Challenges, Economic Headwinds Slow Red Meat Exports in May
U.S. beef and pork exports trended lower in May, due in part to interruptions in slaughter and processing, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef exports dropped well below year-ago levels and recorded the lowest monthly volume in 10 years. Pork exports remained higher than a year ago but were the lowest since October 2019.
“As protective measures related to COVID-19 were being implemented, plant disruptions peaked in early May with a corresponding temporary slowdown in exports,” said USMEF President and CEO Dan Halstrom. “Unfortunately the impact was quite severe, especially on...
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