Led by means of Mexico and strong call for for selection meat
10 July 2023
3 minute learn
Led by means of every other
remarkable month in Mexico and strong call for for selection meat, exports of U.S.
red meat endured to achieve momentum in Would possibly, in line with knowledge launched by means of USDA and
compiled by means of the U.S. Meat Export Federation (USMEF). Whilst properly underneath the
record-large quantity and price posted in Would possibly 2022, pork exports stepped forward from
April and had been the second one greatest (in the back of March) of 2023.
Report
worth for red meat selection meat highlights Would possibly export enlargement
Would possibly red meat
exports reached 261,361 metric heaps (mt), up 16% from a yr in the past, the 9th
greatest on checklist and the biggest since Would possibly 2021. Export worth climbed 12% to
$731.1 million, additionally the perfect since Would possibly 2021 and the 7th perfect on
checklist. Beef selection meat exports had been specifically remarkable in Would possibly, surroundings
a worth checklist of $127 million.
Would possibly exports to
main marketplace Mexico had been properly above final yr, whilst shipments to Taiwan had been
the biggest in 12 years and export worth to South Korea reached a five-year
top. Exports had been additionally considerably upper to Australia, Central The united states and
Malaysia.
Throughout the
first 5 months of the yr, red meat and red meat selection meat exports had been 14%
above final yr’s tempo at 1.22 million mt, valued at $3.35 billion (up 13%).
“Whilst red meat
shipments to Mexico are on a exceptional tempo, it takes a variety of markets
to reach double-digit enlargement,” defined Dan Halstrom, USMEF president and
CEO. “Call for is powerful all the way through the Western Hemisphere and the U.S. business
continues to make beneficial properties in Asian markets the place provides of Ecu red meat are
a lot tighter than a yr in the past.”
Would possibly pork
exports decrease total, however enhance in North The united states and Taiwan
Pork exports
totaled 116,159 mt, down 14% from the Would possibly 2022 checklist however up 4% from the
earlier month. Export worth used to be $874.7 million, down 19% year-over-year however 2%
above April. Would possibly exports bolstered to Mexico, Taiwan and South Africa, and
export worth to Canada used to be the perfect in just about 8 years. Pork selection meat
exports had been the biggest in three hundred and sixty five days at just below 27,000 mt.
For January
via Would possibly, pork and pork selection exports had been down 10% to 554,069 mt, valued
at $4.09 billion (down 21%).
“U.S. pork
exports face really extensive headwinds in 2023, on each the provision and insist
aspect, particularly when in comparison to final yr’s large totals,” Halstrom mentioned.
“To deal with tighter pork provides, USMEF has heightened efforts to exhibit
underutilized cuts, even in our well-established markets. It’s additionally encouraging
to look pork selection meat exports care for a robust tempo, as this is very important for
maximizing carcass worth.”
Lamb
exports pattern decrease in Would possibly
Would possibly exports of
U.S. lamb muscle cuts totaled 141 mt, down 32% from a yr in the past and the bottom
quantity of 2023. Export worth used to be $772,409, down 17%. Would possibly exports declined to
maximum primary locations, however higher to the Bahamas. For January via Would possibly,
exports remained 9% above final yr’s tempo at 958 mt, valued at $5.5 million
(up 5%).
An in depth
abstract of the January-Would possibly export effects for U.S. pork, red meat and lamb,
together with market-specific highlights, is to be had from the USMEF
web site.