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May beef export value the highest in 11 months The value of U.S. beef exports topped $900 million in May, the highest since June 2023, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Pork exports posted another solid performance in May, but were below last year in both volume and value. Japan, Mexico, Taiwan help push May beef export value over $900 million May beef exports totaled 110,133 metric tons (mt), down 5% from a year ago but the second largest of 2024. Beef export value reached $902.4 million in May, 3% above last year and the highest in 11 months. Exports trended higher year-over-year to Japan, Mexico, the ASEAN Region, the Middle East, the Caribbean and Central America — which included a record month for Guatemala. May export value was also higher for Taiwan. For January through May, beef exports followed a similar trend, increasing 5% year-over-year in value to $4.29 billion, despite a 4% decline in volume (533,578 mt). … Continue reading https://lnkd.in/gYuDu2gV

Spring meat exports strong April exports of U.S. pork reached the highest volume and value since May 2021, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). It was also a robust month for U.S. beef exports, which were the largest in 10 months and valued at just under $900 million. Record shipments to Mexico bolster April pork exports Fueled by a record performance in leading market Mexico and broad-based growth in several other regions, pork exports totaled 277,910 metric tons (mt) in April, up 14% from a year ago and the fifth largest on record. Export value climbed 18% to $778.8 million, the third highest on record. For January through April, exports increased 8% to 1.04 million mt, valued at $2.89 billion – up 10% from last year’s record pace.  “While Mexico was definitely the pacesetter in a tremendous month for pork exports, it was only part of the story,” said Dan Halstrom, USMEF President and CEO.… Continue reading https://lnkd.in/gwxNSQFP

Beef export value climbing June exports of U.S. beef reached the highest value in nearly 2 years, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). While June pork exports were lower year-over-year, shipments through the first half of the year remained ahead of the record value pace of 2023. Beef exports totaled 110,155 metric tons (mt) in June, down 4% from a year ago but the second largest of 2024. Export value reached $938.3 million, up 3% year-over-year and the highest since August 2022. Exports trended higher to Japan and were the third largest on record to Taiwan, while shipments to Canada were the largest in nearly a decade. June exports to South Korea were below last year but rebounded compared to May. Through the first half of the year, beef export value climbed 5% from a year ago to $5.22 billion, despite a 4% decline in volume (643,733 mt). … Continue reading https://lnkd.in/ggPhawqu

August pork exports above last year, beef exports trend lower Fueled by another outstanding performance from Mexico, August exports of U.S. pork increased year-over-year, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). U.S. beef exports were below year-ago levels in August while lamb exports trended higher, posting the largest volume since January.  August demand for U.S. pork robust in Western Hemisphere, ASEAN region August pork exports totaled 238,989 metric tons (mt), up 6% from a year ago but the second lowest of 2024. Export value increased 8% to $702.9 million. In addition to the strong results in Mexico, exports trended higher to Central and South America, the Caribbean and the ASEAN region. August shipments to Malaysia were record-large, while exports to Colombia achieved a value record.  For January through August, pork exports were just under 2 million mt, up 4% from a year ago, while valued climbed 7% to $5.68 billion. Pork export value was on a record pace through August, and USMEF projects both export volume and value will reach record highs in 2024. … Continue reading https://lnkd.in/gR_Kw2-W

Beef Exports: Surging Demand from Key Asian Markets In the week under review, net beef sales reached 22,500 metric tons (MT) for 2024, a substantial increase from the previous week and a staggering 68 percent higher than the four-week average. The main destinations for U.S. beef were South Korea (7,900 MT), China (6,200 MT), Mexico (2,800 MT), Japan (2,600 MT), and Taiwan (1,000 MT). These nations have long been key importers of U.S. beef, with South Korea and China leading the pack. Exports were equally strong, with 17,700 MT shipped out—a marketing-year high—up by 42 percent from the prior week. The increase in exports reflects not only growing international demand but also the competitiveness of U.S. beef in these markets. South Korea, Japan, China, Mexico, and Taiwan remain the largest importers, accounting for most of the shipments. Pork Exports: A Booming Market, Led by Mexico While beef sales were impressive, pork export sales for 2024 surged even higher, with net sales totaling 43,400 MT, a 55 percent rise from the previous week and a 61 percent boost from the prior four-week average. The primary buyers of U.S. pork were Mexico (24,000 MT), China (7,900 MT), Canada (2,900 MT), South Korea (2,000 MT), and Japan (1,500 MT). Mexico continues to dominate U.S. pork imports, as it accounted for the lion’s share of the export volume. However, the sales to China and Canada reflect the global appeal of U.S. pork, even amid competition from other pork-exporting nations. While exports to Japan and South Korea remained modest, the consistent demand from these countries provides a solid foundation for future growth.

Led by a record-shattering performance in Mexico and broad-based growth in other markets, U.S. pork exports set a value record in 2023, according to year-end data released by USDA and compiled by the U.S. Meat Export Federation. While 2023 beef exports were below the record totals posted the previous year, December exports were the largest since August and December export value increased 10% year-over-year.

Spring meat exports strong April exports of U.S. pork reached the highest volume and value since May 2021, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). It was also a robust month for U.S. beef exports, which were the largest in 10 months and valued at just under $900 million. Record shipments to Mexico bolster April pork exports Fueled by a record performance in leading market Mexico and broad-based growth in several other regions, pork exports totaled 277,910 metric tons (mt) in April, up 14% from a year ago and the fifth largest on record. Export value climbed 18% to $778.8 million, the third highest on record. For January through April, exports increased 8% to 1.04 million mt, valued at $2.89 billion – up 10% from last year’s record pace.  “While Mexico was definitely the pacesetter in a tremendous month for pork exports, it was only part of the story,” said Dan Halstrom, USMEF President and CEO.… Continue reading https://lnkd.in/gwxNSQFP

Brazilian Beef exports hit record Movement in July approaches 300 thousand tons, but falling prices worry the sector Total Brazilian beef exports, including processed and fresh meat, reached a new all-time high in July 2024, reaching 291,075 tons, an increase of 42% compared to the previous month. This volume marks the first time that exports have approached 300 thousand tons in a single month. The previous record, of 282,514 tons, was recorded in December 2023. Despite the increase in exported volume, average prices remain below those recorded last year. In July 2023, the average price of Brazilian beef was US$4,265 per ton, while in July 2024 it fell to US$4,007, a 6% reduction. However, total export revenue increased by 33%, from US$876.9 million in July 2023 to US$1.166 billion in July 2024. The Brazilian Association of Beefpackers (ABRAFRIGO), based on data from the Foreign Trade Secretariat (SECEX), highlighted that, in the year to July, Brazil exported 1.731 million tons of beef, an increase of 35% compared to to the same period in 2023. Accumulated revenue was also a record, rising 20%, from US$5.810 billion to US$6.988 billion. The drop in average prices is largely attributed to negotiations with China, which continues to be the main market for Brazilian beef, responsible for 40% of the country's exports. Although the volume exported to China increased by 12.7% in 2024, revenue fell by 0.2% due to the 11.5% reduction in average prices. Other important markets, such as the United States and the United Arab Emirates, also showed significant changes. The USA, the second largest buyer, increased its purchases by 84.5%, but the average prices paid fell from US$3,910 to US$2,910 per ton. The United Arab Emirates rose to third place among the largest buyers, with a 212% increase in imported volume and a slight increase in average prices. This data indicates that, despite record growth in exports, the sector faces challenges related to the drop in average prices and the need to further diversify its markets to ensure better profit margins. Source: Abrafrigo, adapted by the Revista Feed&Food team. https://lnkd.in/gk4S8dWv https://lnkd.in/gxDMXW9d

OIG News | US May pork exports below last year Although %pork export volume to leading market #Mexico slowed in #May following record-large April shipments, #export value still #increased and 2024 demand remains on a record pace, according to data released by #USDA and compiled by #USMEF. May exports to Mexico totaled 91,338 mt, down 6% from a year ago, but value was 2% higher at $201.9 million. January-May exports to Mexico reached 480,193 mt, up 7% from a year ago, while value increased 14% to $1.02 billion. While Mexico continues to shine as a destination for #hams and other pork cuts for further processing, the US industry has made impressive inroads in the country’s rapidly growing #retail and #foodservice sectors, with per-capita pork #consumption continuing to #expand. Mexico is also a major outlet for US pork variety meat, including for taco applications. Pork exports to #Korea posted another robust performance in May, totaling 22,354 mt. This was up 6% from a year ago, while value increased 8% to $78.9 million. Through May, exports to Korea climbed 35% above last year’s pace to 118,092 mt, while value soared 40% to $395.4 million. The US industry continues to capitalise on Korean consumers’ growing appetite for convenient, easy-to-prepare entrées and snacks, while US pork is also gaining traction in the foodservice sector. Despite lower shipments to leading market Honduras, May pork exports to Central America increased 11% from a year ago to 11,711 mt, while export value climbed 26% to $37.8 million. May exports to #CostaRica nearly tripled from a year ago, while also gaining strength in Guatemala and El Salvador. January-May exports to the region increased 25% from a year ago to 64,161 mt, while export value soared 35% above last year’s record pace to $196.8 million. Source: The Pig Site For more information about global meat market, please contact us via [email protected]

NZ red meat exports: China demand soft but positive growth in all other key markets All key red meat export markets, apart from China, showed positive growth during June, according to an analysis from the Meat Industry Association (MIA).New Zealand exported red meat worth $914 million during the month, a 2% increase on June 2023. The US was again the largest market, with exports up 14% to $303m. There were also increases in Japan, up 53% to $61m, the UK, up 66% to $53m, and Canada, up 94% to $51m. China was the second-largest market but fell 38% to $176m. Meat Industry Association of New Zealand chief executive Sirma Karapeeva said while the China market remained soft, with some recovery expected in 2025, other key markets were seeing positive returns. “The US was the most valuable sheepmeat market for the month,” she said. “This was the first time since July 2017 that China hasn’t been the largest market by value for sheepmeat. Karapeeva said beef exports to China were also down but overall exports remained steady due to strong demand from the US, Japan and Canada. “These trends were also reflected in the data for the second quarter and for the year to the end of June, with the value of exports down for China but increasing to most other key markets.” Sheepmeat exports totalled 29,829 tonnes in June, up 22% from a relatively low level last June. Value only increased by 8%, to $294m, due to the lower value of exports to China.The US imported New Zealand sheepmeat worth $62m, with China dropping by 39% to $52m. Beef exports increased 1% by volume to 50,907 tonnes and 3% by value to $470m. Beef exports to China were down 44% to $83m but exports to the US rose 16% to $221m, 101% to Japan to $46m and 112% to Canada to $35m. Fifth quarter exports were unchanged from last year at $150m. https://lnkd.in/dFaeiFJH #meatindustry #meatmarket #beef #pork