September exports of U.S. pork were down slightly from a year ago but maintained a robust pace, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef exports continued to struggle compared to last year’s record totals but showed increasing strength in Western Hemisphere markets.
Pork exports totaled 221,140 metric tons (mt) in September, down less than 1% from a year ago, while export value fell 4% to $643.7 million. September export value to Mexico increased 18% year-over-year to $207.6 million, the third highest month on record. Exports also increased strongly to Central America and Australia and trended higher to the Caribbean, Taiwan, New Zealand, Vietnam and Malaysia.
For the first three quarters of 2023, pork exports increased 9% year-over-year to 2.13 million mt and climbed 7% in value to just under $6 billion, led by record-large shipments to leading market Mexico.
September beef exports totaled 98,757 mt, down 15% from a year ago and the lowest of 2023, while value fell 12% to $795.5 million.… Continue reading