According to the U.S. Meat Export Federation report, August exports of U.S. pork increased year-over-year, according to data released by USDA, pork exports were up 6% for the month.
Pork
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. 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.
“Mexico was once again the pacesetter for U.S. pork, but demand throughout the Western Hemisphere was outstanding in August,” said USMEF President and CEO Dan Halstrom. “Shipments to South America posted the highest value on record, while exports to Central America and the Caribbean also achieved strong growth. These markets are increasingly competitive, so it is essential that the U.S. industry defends its market share while also developing marketing efforts that help expand overall consumption.”
Beef
Beef exports totaled 102,682 mt in August, down 6% from a year ago and the lowest since January. Export value fell 4% to $845.9 million. Through the first eight months of the year, beef exports were 3% below last year at 856,834 mt, but were 4% higher in value at just under $7 billion.
“Beef demand in our major Asian markets seemed to lose a bit of momentum in August, but exports held up well to Mexico, Taiwan and the Middle East,” Halstrom said. “The headwinds in Asia remain formidable, but we are encouraged by the region’s ongoing tourism rebound. The late-September removal of Colombia’s restrictions on U.S. beef is also a positive development. While this came too late to impact the August results, it will help bolster fourth-quarter demand in Latin America.”
Lamb
Exports of U.S. lamb reached 288 mt in August, up 170% from last year’s low volume. Export value was $1.16 million, up 70%. These results drove January-August exports 20% above last year’s pace in volume (1,946 mt) and 23% higher in value ($10.2 million). While larger shipments to the Caribbean and Mexico accounted for most of this growth, exports also trended higher year-over-year to the Philippines, Canada, Guatemala and Taiwan.
All of this information was taken and sourced from The USMEF August Report.
