US see new record for beef exports

US see new record for beef exports

US beef exports have once again bucked records, with volumes in October increasing by nearly 6%, reaching 107,471 t.

Overall, US beef export value reached $564.5 mill. during October, an increase of 14%, and according to the US Meat Export Federation (USMEF), which compiled the figures, the top countries for export were Japan and Mexico, which both increased their purchases by 40% for October.

Exports to Hong Kong also increased, driving US beef sales higher, with total US beef exports for the year reaching 969,186t - up 2% on last year - with values increasing by 11% to around $5.1 bill. Export value per head of fed slaughter averaged $251.06, which was up $29 on last year.

Yet beef was not the only top performer in October and Philip Seng, USMEF president and CEO, said the pork sector saw it's largest-ever year on a value basis, reaching $539.9 mill. in value and achieving 186,637 t in volume. Yet he said the sector had seen decline of 11% and 4% respectively compared to last October.

Mexico was also the leading importer of US pork during October, with an increase in value of 5.6% to $114.6 mill., yet volume declined by 2% on the previous year to 55,152 t.
Source: US Meat Export Federation (USMEF)
Mexico Japan