Data July pork exports reach new heights
July pork exports surged to 233,242 t, up 32% year-over-year and topping the previous record from April 2018. Export value was $623.3 mill., up 34% and breaking the previous high reached in November 2017. These results pushed January-July exports 2% ahead of last year’s pace at 1.48 mill. t while value was down 2% at $3.77 bn.
July exports accounted for 29.3% of total US pork production (up from 24.7% a year ago and the highest since April 2018) and 25.9% for muscle cuts only (up from 21.7% and the highest ratio in five years). For January through July, exports accounted for 26.3% of total pork production and 22.9% for muscle cuts (down from 27% and 23.3%, respectively, a year ago).
Beef exports increased 1% year-over-year in July to 117,842 t. Export value ($720.4 mill.) was down slightly from a year ago but still the seventh-highest monthly total on record. January-July beef exports were down 2% from a year ago in volume (766,607 t) while export value ($4.75 bn.) was slightly below last year’s record pace.
July exports accounted for 14.4% of total US beef production and 11.8% for muscle cuts only, down from 15.1% and 12.9%, respectively, last year. For the first seven months of the year, exports accounted for 14.1% of total beef production and 11.6% for muscle cuts – each down one-half percentage point from a year ago.