Beef exports are up 16% from a 12 months in the past
14 july 2023
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Led by way of some other exceptional month in Mexico and powerful call for for selection meat, exports of US red meat endured to realize momentum in Might, consistent with knowledge launched by way of USDA and compiled by way of USMEF.
Might red meat exports reached 261,361 metric lots (mt), up 16% from a 12 months in the past, the 9th greatest on document and the most important since Might 2021. Export worth climbed 12% to $731.1 million, additionally the best possible since Might 2021 and the 7th best possible on document. Beef selection meat exports have been specifically exceptional in Might, atmosphere a worth document of $127 million.
During the first 5 months of the 12 months, red meat and red meat selection meat exports have been 14% above ultimate 12 months’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 quite a lot of markets to reach double-digit expansion,” defined Dan Halstrom, USMEF president and CEO. “Call for is robust all over the Western Hemisphere and america trade continues to make features in Asian markets the place provides of Ecu red meat are a lot tighter than a 12 months in the past.”