U.S. beef exports remained on a record-shattering value pace in October, according to data released by the U.S. Department of Agriculture and compiled by the U.S. Meat Export Federation (USMEF).
October pork exports trended seasonally higher compared to recent months, but were still below the results posted in October 2017.
October beef exports totaled 117,800 metric tons, up 6 percent from a year ago, valued at $727.4 million – up 10 percent and the second-highest monthly total on record.
For January through October, beef exports totaled 1.13 million metric tons, up 9 percent year-over-year, while value was up 17 percent. October pork export volume was 207,725 metric tons, the largest since May but still 2 percent lower year-over-year, reflecting smaller variety meat exports.
Export value was also the largest since May but still down 5 percent from a year ago. For January through October, pork exports were 1 percent above last year’s record pace at 2.02 million metric tons, while value was also up 1 percent.
Dan Halstrom, USMEF president and CEO says of the pork numbers, that “Despite some very significant obstacles, global demand dynamics for U.S. pork remain strong.”
Source: National Association of Farm Broadcasters