Halstrom Details Latest Red Meat Export Results, Including Another $1 Billion Month for Beef

U.S. beef exports again topped $1 billion in July and posted the fifth-largest volume on record, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Exports totaled 126,567 metric tons (mt), up 3% year-over-year. Export value increased 7% to $1.006 billion.

USMEF President and CEO Dan Halstrom cites growth in Japan, China/Hong Kong and the Philippines as highlights for the Asian markets, while beef exports also continued to expand to the Caribbean and Central America.

July pork exports remained below last year’s pace (208,095 mt, down 6%) but continued to gain strength in several markets, including Mexico, Colombia and South Korea. Halstrom notes that while July exports to China/Hong Kong were lower than a year ago, shipments were the largest of 2022 as China’s demand for imported pork is rebounding to some degree.

A detailed summary of January-July exports for U.S. beef, pork and lamb is available from the USMEF website.

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The U.S. Meat Export Federation (www.USMEF.org) is the trade association responsible for developing international markets for the U.S. red meat industry. It is funded by USDA; the beef, pork, lamb, corn and soybean checkoff programs, as well as its members representing nine industry sectors: beef/veal producing & feeding, pork producing & feeding, lamb producing & feeding, packing & processing, purveying & trading, oilseeds producing, feedgrains producing, farm organizations and supply & service organizations. USMEF complies with all equal opportunity, non-discrimination and affirmative action measures applicable to it by contract, government rule or regulation or as otherwise provided by law. USMEF is an equal opportunity employer and provider.