November Beef Exports the Largest in over a Year, U.S. Pork Shipments Already at an Annual Record

Posted on Mon, 01/11/2021 - 14:10

The U.S. exported 115,337 MT of beef during November, a 6% jump from year-ago and the highest tally since July 2019, according to USDA data analyzed by the U.S. Meat Export Federation (USMEF). The value of those exports jumped 8% from year-ago to $707.5 million. “Demand for U.S. beef in the global retail sector has been outstanding and we expect this to continue in 2021,” said USMEF President and CEO Dan Halstrom.

With one month remaining in the calendar year, the U.S. has exported 1.13 MMT of beef valued at $6.9 billion, which represents a 6% retreat in volume and a 7% decline in value from 2019.

U.S. pork exports of 258,801 MT were near in line with year-ago, with the value of those shipments down 2% from last year at $697.5 million. With one month’s data yet to be added in, the U.S.’s total pork exports have set new annual records for both volume (2.72 MMT) and value ($7.03 billion). Volume is up 14% from last year and the value of those shipments is up 13% from year-ago.

Halstrom notes, “For U.S. pork, it’s great to set new records with an entire month to spare, but especially gratifying to see a diverse range of markets contributing to U.S. export growth. USMEF still expects strong pork demand from China in 2021, but we’re seeing a much-needed rebound in other regions, especially in Western Hemisphere markets.”