Volumes and Value Pork and beef exports rebound in May
Pork exports totaled 217,999 t in May, steady with last year’s pace, while value increased 1% to $567.8 mill. – the highest monthly value total since April 2018. For January through May, pork exports were still 4% below last year in volume (1.035 million t) and down 10% in value to $2.57 bn.
May exports accounted for 27.3% of total US pork production and 23.2% for muscle cuts only, down from 27.8% and 24%, respectively, a year ago. For January through May, exports accounted for 25.4% of total pork production (down from 27.5%) and 22.1% for muscle cuts (down from 23.7%).
May beef exports were also steady year-over-year in volume (117,541 t) while export value increased 1% to $727.6 mill. – the second-highest on record, trailing only the August 2018 total of $751.7 mill. For January through May, exports were 3% below last year’s record pace in volume (530,088 t) but only slightly lower in value at $3.3 bn.
May exports accounted for 14.6% of total US beef production and 12% for muscle cuts only, each down slightly from a year ago. For January through May, exports accounted for 14% of total production and 11.3% for muscle cuts – down from 14.6% and 11.9%, respectively, a year ago.