Robust Red Meat Exports in November
November exports of U.S. red meat posted year-over-year gains across all categories, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). U.S. pork exports remained on a record pace, while beef and lamb shipments also increased substantially from November 2023.
November beef exports increased 10% year-over-year to 109,288 mt, while value climbed 11% to $872.7 million. For January through November, exports increased 5% in value ($9.56 billion) from the same period in 2023, despite a 1% decline in volume (1.18 million mt).
“Despite continued economic headwinds in Asia, demand for U.S. beef strengthened in South Korea, China and Taiwan, and exports were fairly steady to Japan,” USMEF President and CEO Halstrom said. “The strong performance in Mexico and outstanding demand for variety meat in Egypt were also critical for bolstering carcass value.”
Source: USMEF