Consistent with information launched by means of USDA and compiled by means of the U.S. Meat Export Federation (USMEF), October beef exports totaled 245,345 metric heaps (mt), up 3% year-over-year and the biggest since June, valued at $688.2 million – down 2% from a 12 months in the past. For the primary 10 months of 2023, beef exports higher 9% from a 12 months in the past to two.38 million mt, with worth up 6% to $6.66 billion.
Beef exports to main marketplace Mexico reached a file 100,867 mt, hovering 19% from a 12 months in the past, whilst worth climbed 9% to a file $221.1 million. January-October shipments to Mexico higher 13% over final 12 months’s file tempo to 895,221 mt, with worth up 16% to $1.9 billion.
October beef exports to Colombia totaled 10,856 mt, up 35% from a 12 months in the past and the biggest since June 2022. Export worth climbed 42% to $30.4 million, the best since November 2021 and 3rd best on file. Whilst January-October exports to Colombia remained 11% underneath final 12 months at 76,402 mt, export worth edged 1% upper to $207.9 million.
Led by means of file shipments to Guatemala and strong expansion in Honduras, Costa Rica and El Salvador, beef exports to Central The united states persisted to realize momentum in October, hovering 35% from a 12 months in the past in quantity (13,722 mt) and 37% in worth ($42.2 million). January-October exports to the area had been 12% upper at 102,783 mt, whilst worth higher 18% to $301 million.
October exports to South Korea totaled 13,427 mt, up 6% from a 12 months in the past and the biggest since June, whilst worth used to be up 5% to $46.8 million.
October shipments to the Dominican Republic totaled 8,532 mt, the best since April.
Beef exports to Japan are trending decrease in 2023, together with a fifteen% decline in October to 24,080 mt.
Whilst beef muscle lower exports to China/Hong Kong also are trending decrease (down 9% via October to 149,144 mt), beef selection meat exports to the area stay 4% above final 12 months’s file tempo at 280,682 mt, valued at $720.4 million (up 6%).
December 7, 2023/ USMEF/ United States.
https://www.usmef.org