From National Hog Farmer:
October was another strong month for U.S. red meat exports as beef export value continued to soar, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). October pork exports were below last year’s large total but year-to-date shipments remained slightly above the record pace of 2020.
“USMEF has always prioritized market diversification, and this is more critical than ever now that the red meat industry faces unprecedented transportation challenges and rising input costs,” said President and CEO Dan Halstrom.
“Exports will likely reach about $18 billion in 2021, which is a remarkable achievement. While global demand is tremendous and we are cautiously optimistic about further growth in 2022, supply chain pressures are not easy to overcome and are a growing concern for exporters and their international customers.”
Record shipments to Mexico and Colombia
bolster October pork exports
Pork exports totaled 226,206 mt in October, down 7% from a year ago, while export value slipped 3.5% to $618.8 million. For January through October, pork exports were up slightly from a year ago in volume (2.47 million mt) and increased 8% in value ($6.84 billion). Exports to Mexico continued to strengthen in October as shipments reached a new monthly high of 83,929 mt, up 38% from a year ago. January-October exports to Mexico are ahead of the record pace established in 2017, when full-year shipments exceeded 800,000 mt and topped $1.5 billion in value.
Pork exports to Central America and the Dominican Republic continued to shine in October and have already set annual records, while exports to Colombia have rebounded to pre-COVID levels. Although China’s demand for pork muscle cuts has softened significantly, it remains a critical, value-adding destination for U.S. pork variety meat.
Read the full article HERE
Red meat exports see another strong month in October