Momentum Continued for U.S. Pork Exports in November

U.S. pork exports continued to gain momentum in November while beef exports also showed signs of a rebound, according to the U.S. Meat Export Federation).

November exports of U.S. pork were up 8 percent from a year ago to 181,678 metric tons, the largest volume since May. Pork export value was $452.6 million, down 13 percent from a year ago but up slightly from October.

As has been the case in recent months, pork muscle cut export volume was up significantly year-over-year, up 19 percent, while variety meat exports declined 23 percent to 32,938 metric tons.

November beef exports totaled 95,799 metric tons, down 1 percent from a year ago but the largest volume since June, while export value fell 17 percent to $519.7 million. For January through November, beef exports were down 11 percent from a year ago in both volume and value.

January-November exports accounted for 13 percent of total production and 10 percent for muscle cuts only – each down one percentage point from a year ago. Export value per head of fed slaughter averaged $279.12, down 6 percent year-over-year.

Source: NAFB