October beef exports totalled 245,345 metric lots
8 December 2023
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US beef exports posted some other robust efficiency in October, led by means of record-large shipments to Mexico and broad-based enlargement somewhere else, in step with knowledge launched by means of USDA and compiled by means of the USA Meat Export Federation (USMEF).
October beef exports totalled 245,345 metric lots (mt), up 3% year-over-year and the biggest since June, valued at $688.2 million – down 2% from a yr in the past. For the primary 10 months of 2023, beef exports greater 9% from a yr in the past to two.38 million mt, with price up 6% to $6.66 billion.
“At a time when the USA beef trade wishes to maximize income, I run out of superlatives when speaking in regards to the outstanding call for we’re seeing in Mexico,” mentioned USMEF president and CEO Dan Halstrom. “Red meat exports also are reaching superb enlargement around the Western Hemisphere and retaking marketplace proportion within the Asia-Pacific.”