Article written by Feedstuffs on the impressive August beef and pork export numbers.
U.S. beef exports soared to another new value record in August, topping the $1 billion mark for the first time, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Pork exports posted another strong month in August, remaining ahead of the record pace established in 2020.
Pork exports totaled 225,822 mt in August, up 4% from a year ago, and value increased 20% to $633.9 million as record shipments to Mexico and strong growth in several other markets helped offset the expected slowdown in muscle cut exports to China. For January through August, exports were 1.5% above last year at just over 2 million mt, while value climbed 10% to $5.62 billion. Pork exports are on a record pace to Mexico, Central America and the Dominican Republic, and chilled pork exports to Japan and South Korea are above last year.
USMEF noted that while China’s swine herd recovery has caused pork muscle cut exports to moderate in 2021, the country’s demand for U.S. pork variety meat remains extremely strong and continues to play a key role in maximizing carcass value. Through August, pork variety meat exports to China/Hong Kong increased 23% to 231,283 mt, valued at $558 million (up 29%). With pork variety meat shipments also trending higher to Mexico, Southeast Asia, Central and South America and Oceania, export value is on a record pace at $848.8 million, up 26% from a year ago and 11% ahead of the peak year of 2017.
“The August export results would be impressive under any circumstances but achieving these totals despite all the COVID-related obstacles at home and overseas is truly remarkable,” said USMEF President and CEO Dan Halstrom. “Our transportation and labor situation is challenging, and customers continue to face an uncertain business climate due to foodservice restrictions and other economic headwinds. Yet international buyers remain committed to the quality and consistency delivered by U.S. red meat, and the U.S. industry has gone to tremendous lengths to keep shipments moving.”
Halstrom emphasized the broad-based growth achieved in 2021, noting that it bodes well for both near and long-term exports.
“Obviously breaking the $1 billion mark in a single month is a huge milestone for U.S. beef, and that’s not possible unless a wide range of markets are hitting on all cylinders,” he said. “But the trendlines for U.S. pork are also very encouraging. Just a few years ago, it was an achievement to reach $6 billion in pork export value in a full year. In 2021, exports will exceed that total with an entire quarter to spare.”
A detailed summary of the January-August red meat export results, including market-specific highlights, is available from the USMEF website.
Read the full article HERE
August Beef, Pork Exports Keep Record Pace