Strong performance in beef and pork exports
The momentum for US meat exports remained robust through July, as detailed in reports from the USDA and the US Meat Export Federation.
Beef exports escalated to 110,419 metric tons, up 7% year-over-year, achieving a near-record value of $910.9 million due to high demand in Japan, Taiwan, Mexico, the Middle East, and ASEAN countries.
Pork exports were equally impressive, particularly to Mexico, which set a new monthly record at $244.5 million. The total pork exports for July rose by 10% to 241,210 metric tons, with a 13% increase in value to $710.5 million. This growth was echoed in regions like Latin America and South Korea, enhancing the overall export figures.
The first seven months of 2024 have seen beef export values climb 6% to $6.13 billion, despite a slight drop in volume. Pork, on the other hand, has outpaced last year’s record, projecting an encouraging trend for the remainder of the year.
The consistent increase in US meat exports highlights the competitive strength and quality of US livestock products on the global stage.
With ongoing demand from key international markets, US meat exports are poised for sustained growth, benefiting US producers and reinforcing the United States’ status as a leading player in the global meat industry.