October red meat exports totalled 245,345 metric lots
8 December 2023
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US red meat exports posted any other sturdy efficiency in October, led via record-large shipments to Mexico and broad-based expansion in different places, in keeping with information launched via USDA and compiled via the USA Meat Export Federation (USMEF).
October red meat exports totalled 245,345 metric lots (mt), up 3% year-over-year and the most important since June, valued at $688.2 million – down 2% from a yr in the past. For the primary 10 months of 2023, red meat exports larger 9% from a yr in the past to two.38 million mt, with worth up 6% to $6.66 billion.
“At a time when the USA red meat business wishes to maximize earnings, I run out of superlatives when speaking concerning the outstanding call for we’re seeing in Mexico,” mentioned USMEF president and CEO Dan Halstrom. “Beef exports also are reaching superb expansion around the Western Hemisphere and retaking marketplace proportion within the Asia-Pacific.”