September exports of U.S. pork and beef were higher year-over-year, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF), with pork exports well-positioned to set annual volume and value records in 2024.
Broad-based growth has pork exports poised to set annual records
September pork exports totaled 238,047 metric tons (mt), up 8% from a year ago, while value increased 6% to $685.1 million. Through the first three quarters of the year, pork exports were 5% above last year’s pace at 2.23 million mt, with value up 7% to $6.36 billion.
“U.S. pork’s September performance was especially encouraging because growth was mainly driven by small and medium-sized markets in Central America, Southeast Asia and Oceania, and pork exports to Colombia continue to reach new heights,” says USMEF President and CEO Dan Halstrom. “It was certainly another robust month for pork exports to Mexico and shipments to Japan were above last year. But the broad-based growth reflects the U.S. industry’s strong commitment to market diversification.”
Through September, pork exports to leading market Mexico are on a record pace, as are shipments to Central America, Colombia and several Caribbean markets. Shipments are also up substantially to South Korea, Oceania and the ASEAN region.
Mexico, Central America, Asian markets fuel September beef export growth
Exports of U.S. beef totaled 103,980 mt in September, up 5% year-over-year, while export value climbed 6% to $843.8 million. January-September exports increased 5% in value to $7.82 billion, despite volume falling 2% to 960,814 mt.
With the exception of China/Hong Kong, September beef exports trended higher than a year ago in all major Asian markets, while demand remained strong in Mexico and shipments to Central America were the largest in 18 months.
“The tourism rebound in Asia has certainly provided momentum for U.S. beef, especially in Japan, Taiwan and Korea,” Halstrom says. “We also saw impressive growth in the Philippines and Indonesia, which are markets where we see a lot of untapped growth potential.”
September lamb exports lowest of 2024
Exports of U.S. lamb reached just 167 mt in September, down 32% from a year ago and the lowest this year. Export value was $853,000, down 27%. Despite this slowdown, January-September lamb exports were 13% above a year ago at 2,113 mt, while value increased 17% to $11.1 million. Shipments trended higher than a year ago to the Caribbean, Mexico, the Philippines, Guatemala and Taiwan. Lamb exports to Mexico are on pace to be the largest since 2019, while shipments to the Bahamas are the strongest since since 2011.
A detailed summary of the January-September export results for U.S. beef, pork and lamb, including market-specific highlights, is available from the USMEF website.
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Publish date : 2024-11-07 08:49:00
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