meat

Record Value for July Beef Exports

Dan Beef, Cattle, Exports/Imports

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According to new data released Tuesday by the U.S. Department of Agriculture and compiled by the U.S. Meat Export Federation (USMEF), U.S. beef exports set another new value record in July. Export values climbed 45% from a year ago to $939.1 million, while volume was the third largest of the post-BSE era at 122,743 metric tons (mt), up 14% year-over-year.

July beef exports to the Asian markets of Japan, South Korea and Taiwan were relatively steady with last year, but at significantly higher value. Export volume growth was driven by record-large shipments to China and a strong rebound in Western Hemisphere markets compared to year-ago totals. For January through July, U.S. beef exports increased 18% from a year ago to 822,830 mt, with value up 30% to $5.58 billion. Compared to the pace established in 2018, the record year for U.S. beef exports, shipments were up 6% in volume and 17% in value.

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Pork exports in July were steady with last year at 221,809 mt, but export value jumped 20% to $657.3 million. Pork variety meat exports were especially strong at 49,092 mt, up 54% from the low total posted a year ago and 16% above July 2019. Variety meat export value was the second highest on record at $116.7 million, up 69% from a year ago and 39% above 2019. For January through July, pork exports were 1% above last year’s record pace at just under 1.8 million mt, while value increased 8% to $4.98 billion.

A detailed summary of the January-July red meat export results is available on the USMEF website.