June red meat exports totaled 245,964 metric lots (mt), up 12% from a yr in the past, whilst export price climbed 6% to $691.4 million. In the course of the first half of of 2023, exports have been 14% above remaining yr’s tempo at 1.47 million mt, valued at $4.05 billion (up 12%).
June red meat exports to main marketplace Mexico climbed 19% from a yr in the past to 85,853 mt, whilst price larger 8% to $179.4 million. Those effects saved first-half exports on a record-shattering tempo at 532,934 mt, up 14% from a yr in the past, whilst price larger 21% to $1.07 billion. Red meat selection meat exports to Mexico have bolstered much more dramatically in 2023. Via June, selection meat shipments larger 49% to 77,818 mt, valued at $136.6 million (up 43%).
Taiwan’s call for for U.S. red meat has rebounded dramatically this yr, with June exports expanding 915% from a yr in the past to three,767 mt – the most important in 14 years. June export price was once $12.3 million, up greater than 1,000%. First-half red meat exports to Taiwan jumped 531% from remaining yr’s low totals to succeed in 10,280 mt, whilst price larger 598% to $33.5 million.
Regardless of China’s constantly low first-half hog costs and massive provides of home red meat, U.S. red meat exports to China/Hong Kong – a majority of which is red meat selection meat – have larger in 2023. First-half exports to the area totaled 275,358 mt, up 24% from a yr in the past, valued at $716.2 million (up 20%). Red meat selection meat exports to China are on a listing tempo via June, totaling 173,647 mt, up 30% year-over-year, valued at $461 million (up 24%). China’s hog costs have larger sharply since mid-July, however any have an effect on from this development isn’t mirrored in first-half export effects.
August 11, 2023/ USMEF/ United States.
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