USA, Washington. Strong demand from China bolstered US pork exports in October, according to data released by USDA and compiled by USMEF, while October beef exports were below the very high totals posted a year ago.
October pork exports increased 8.5% year-over-year to 225,376 t, while export value climbed 10% to $592 mill. January-October export volume was 5% ahead of last year’s pace at 2.13 mill. t, while value increased 3% to $5.48 bn.
October beef exports totaled 108,017 t, an 8% decline from last year’s large volume, while export value ($649.1 mill.) was down 11%. Through the first 10 months of 2019, beef exports were down 2.5% in volume (1.1 mill. t) and value ($6.75 bn.) from last year’s record pace.
October pork exports increased 8.5% year-over-year to 225,376.
January-October highlights for US pork include:
- Fueled by strong growth in both Australia and New Zealand, pork exports to Oceania are on a record pace in both volume (95,218 t, up 39%) and value ($272.9 mill., up 37%). The region is an outstanding destination for US hams and other muscle cuts used in further processing.
- Exports to Central America were 16% above last year’s record pace in volume (76,861 t) and 19% higher in value ($187 mill.). Exports to Panama were one-third higher year-over-year and mainstay markets Honduras and Guatemala have both achieved double-digit value growth.
- While October export volume to South America slowed slightly from a year ago (13,934 t, down 2%), value still increased 12% to $35.9 mill. Led by steady growth in Colombia and a strong uptick in demand from Chile and Peru, January-October exports to South America remained on a record-shattering pace at 128,469 t (up 21% year-over-year), valued at $323.8 mill. (up 25%).
Through the first 10 months of 2019, beef exports were down 2.5% in volume.
January-October highlights for US beef include:
- In Mexico, the third-largest destination for US beef exports, volume was slightly below last year at 196,431 t (down 1%), but value increased 4% to $916.4 mill. This was largely driven by a sharp increase in the per-unit value of beef variety meat exports to Mexico, most notably tripe. Despite being up just 1% from a year ago in volume (80,789 t), variety meat value to Mexico jumped 17% to $219.1 mill.
- Similar to Mexico, US beef variety meat is commanding stronger prices in Egypt, the leading destination for US beef livers. Through October, variety meat exports to Egypt were up 1% from a year ago at 53,504 t but climbed 14% in value to $62.3 mill.
- Led by surging demand in Indonesia and solid growth in the Philippines, beef exports to the ASEAN region were 30% above last year’s pace in volume (51,758 t) and 15% higher in value ($251.5 mill). Split fairly evenly between muscle cuts and variety meat, exports to Indonesia soared 72% in volume (19,889 t) and 43% in value ($71.8 mill.) from a year ago.
- Led by strong growth in Panama, beef exports to Central America were 7% above last year’s pace in volume (12,802 t) and 13% higher in value ($72.7 mill.). Export value also trended significantly higher to Guatemala, Honduras and Costa Rica.