Data recently released by the U.S. Meat Export Federation shows August was a strong month for U.S. red meat exports as beef export volume was the largest in nearly two years. The results show both beef and pork exports posted the highest monthly values of 2016.
August beef export volume climbed 27 percent from a year ago to near 107,000 metric tons, the highest since October 2014. Export value was $566.8 million, up 14 percent. For January through August, export volume was up six percent, while value was down seven percent to just over $4 billion.
Pork exports were up 16 percent from a year ago to 186,000 metric tons, the largest volume ever posted in August. Export value was up 19 percent to $512 million. Export value also moved one percent ahead of last year’s pace at $3.78 billion.
(From the National Association of Farm Broadcasters News Service)