Worldwide | U.S. Red Meat Exports Increase In Value Through August | Accordi...

Worldwide

U.S. Red Meat Exports Increase In Value Through August

According to the latest export statistics released by USDA and compiled by USMEF, exports of U.S. red meat continued to increase in value through August with U.S. pork up 6 percent to $1.96 billion and U.S. beef increasing 28 percent to $1.67 billion compared to the same period last year.

U.S. beef and beef variety meat exports worldwide also were up 16 percent in volume to 495,829 metric tons (mt) (1.09 billion pounds) with notable gains in Central and South America as export volume increased 68 percent to 5,986 mt (13.2 million pounds) and value 64 percent to $10.9 million. This growth was driven by liver exports to Peru and frozen beef exports to Guatemala.

Larger markets like Canada also showed gains with a 31 percent increase in volume to 81,380 mt (179.4 million pounds) and a 34 percent jump in value to $372.1 million. Mexico remained the No. 1 market with a volume of 235,471 mt (519 million pounds) and value inching up 2 percent to $781.5 million. USMEF expects beef prices to remain strong through the rest of the year due to relatively tight cattle supplies.

U.S. pork and pork variety meat exports worldwide dipped 3 percent in volume to 804,261 mt (1.77 billion pounds) through August. Japan continues to be the top market with volume increasing 8 percent to 238,803 mt (526.5 million pounds) and value 13 percent to $766.9 million, more than double of the No. 2 market, Mexico.

Lower volumes in Mexico and South Korea were offset by increases in other markets like Hong Kong/China (up 61 percent to 88,103 mt and 68 percent in value to $125.7 million) and Australia (up 40 percent to 22,170 mt and 64 percent in value to $59.8 million). USMEF expects pork exports to increase in the fourth quarter as lower pork prices and a weak dollar make U.S. pork competitive in international markets.

To find out how the markets you are interested in fared, see the USMEF Statistics page.

Worldwide

U.S. Red Meat Exports Increase In Value Through August

According to the latest export statistics released by USDA and compiled by USMEF, exports of U.S. red meat continued to increase in value through August with U.S. pork up 6 percent to $1.96 billion and U.S. beef increasing 28 percent to $1.67 billion compared to the same period last year.

U.S. beef and beef variety meat exports worldwide also were up 16 percent in volume to 495,829 metric tons (mt) (1.09 billion pounds) with notable gains in Central and South America as export volume increased 68 percent to 5,986 mt (13.2 million pounds) and value 64 percent to $10.9 million. This growth was driven by liver exports to Peru and frozen beef exports to Guatemala.

Larger markets like Canada also showed gains with a 31 percent increase in volume to 81,380 mt (179.4 million pounds) and a 34 percent jump in value to $372.1 million. Mexico remained the No. 1 market with a volume of 235,471 mt (519 million pounds) and value inching up 2 percent to $781.5 million. USMEF expects beef prices to remain strong through the rest of the year due to relatively tight cattle supplies.

U.S. pork and pork variety meat exports worldwide dipped 3 percent in volume to 804,261 mt (1.77 billion pounds) through August. Japan continues to be the top market with volume increasing 8 percent to 238,803 mt (526.5 million pounds) and value 13 percent to $766.9 million, more than double of the No. 2 market, Mexico.

Lower volumes in Mexico and South Korea were offset by increases in other markets like Hong Kong/China (up 61 percent to 88,103 mt and 68 percent in value to $125.7 million) and Australia (up 40 percent to 22,170 mt and 64 percent in value to $59.8 million). USMEF expects pork exports to increase in the fourth quarter as lower pork prices and a weak dollar make U.S. pork competitive in international markets.

To find out how the markets you are interested in fared, see the USMEF Statistics page.