pork exports remained robust in February, achieving double-digit increases over last year in both volume and value, according to data released by
and compiled by the
U.S. Meat Export Federation
(USMEF). Beef exports were lower year-over-year but improved from the low totals posted in January.
February pork exports totaled 219,729 metric tons (mt), up 11% from a year ago, while export value increased 10% to
. This included a particularly strong performance for pork variety meat exports, which jumped 40% to nearly 48,000 mt, valued at
- up 25% and the eighth highest on record.
Through February, total pork and pork variety meat exports increased 12% to 456,496 mt, valued at
"After setting a value record in 2022, the momentum for pork variety meat exports continues this year," said USMEF President and CEO
. "While this is largely attributable to a rebound in exports to
, demand is also strengthening in other markets including
. It also reflects an improved labor situation, which has helped the
industry increase its capture rate and broaden the range of destinations for pork variety meats."
Beef exports totaled 105,057 mt in February, down 3% from a year ago, while export value dropped 16% to
. For the first two months of the year, exports were down 9% from last year's large volume to just under 206,000 mt, while export value dipped 24% to
"On the beef side, it was encouraging to see a modest rebound compared to January," Halstrom said. "With Asian markets continuing to ease indoor mask mandates and eliminate travel restrictions, we expect to see a continued boost in restaurant traffic and foodservice demand as the year progresses."
* * *
remains strong; CAFTA and
regions also trend higher
After a string of record-breaking months, pork exports to
cooled slightly in February but remained well above year-ago levels. February volume reached 78,226 mt, up 6% from a year ago, while value climbed 31% to
. This pushed the January-February totals for
9% ahead of last year's record pace in volume (175,026 mt) and 36% higher in value (
February pork exports to the
more than doubled year-over-year to a record 10,681 mt (up 106%), valued at
(up 105%). For the first two months of the year, exports to the DR climbed 63% to 18,866 mt, valued at
(up 86%). With exports also trending higher to the
Trinidad and Tobago
, Leeward-Windward Islands and Netherland Antilles, January-February exports to the
increased 57% to 21,616 mt, valued at
Fueled by strong growth in
, February pork exports to the
region totaled 4,229 mt, up 49% year-over-year, valued at
(up 43%). Through February, exports to the region increased 48% to 7,897 mt, valued at
pork's competitive position has improved in the
due to reduced tariff rates in
, along with tighter supplies of European pork.
A strong February performance for pork variety meat exports (see above) pushed January-February shipments 37% above last year's pace to 95,167 mt, valued at
(up 21%). While the increase is largely attributable to strong demand in
(55,956 mt, up 37%), variety meat exports also trended higher to
, the DR,
Other January-February results for
pork exports include:
* Led by strong growth in
, February pork exports to
increased 14% to 10,753 mt, valued at
(up 15%). Shipments to
were the third largest and fourth largest on record, respectively. Through February, exports to the region increased 9% to 20,484 mt, valued at
* Exports to
increased 32% from a year ago to 90,190 mt, while value climbed 26% to
. Although pork variety meat made up more than 60% of this total, muscle cut exports to the region also trended higher in both volume (34,234 mt, up 24%) and value (
, up 31%).
* After being nearly absent from the Taiwanese market since late 2021 due to negative publicity and burdensome country of origin labeling regulations related to ractopamine, pork exports to
are showing signs of a rebound in 2023. Through February, exports more than tripled last year's low totals in volume (
, up 287%) and more than quadrupled in value (
, up 367%). As recently as 2020,
pork shipments to
topped 20,000 mt, valued at
* Exports to
were down 4% year-over-year through February to 57,032 mt, while value slipped 11% to
. Chilled pork shipments, which are critical to serving
high-value retail sector, continue to face shipping delays and uncertainty on the
. The Japanese yen has rebounded from its lows of 150 per
dollar in October, to about 132 in early April. But the yen is still much weaker than the levels seen in February (115) and March (119) of 2022.
* February pork export value equated to
per head slaughtered, up 10% from a year ago, while the January-February average increased 9% to
. Exports accounted for 28.3% of total February pork production and 23.8% for muscle cuts only - up from the year-ago ratios of 25.5% and 22.7%, respectively. For January-February, exports accounted for 27.7% of total production (up from 25.5%) and 23.6% for muscle cuts (up from 22.7%).
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Beef export volume steady to
, trends higher to
February beef exports to
edged modestly higher in volume, increasing 1% from a year ago to 23,876 mt, while value fell 19% to
. For the first two months of the year, exports to
were steady with last year at 46,332 mt, but were down 20% in value to
followed a similar trend, edging slightly higher in February to 19,382 mt (up 2%), but value declined 22% to
. Through February, exports to
were down sharply from last year's large totals in both volume (38,278 mt, down 21%) and value (
, down 41%).
Beef exports to
continued to build momentum in February, reaching 15,576 mt (up 10% from a year ago) valued at
(up 8%). January-February exports totaled 33,055 mt, up 15% from a year ago, while value increased 13% to
. This includes a 12% increase in beef variety meat exports to 16,715 mt, valued at
(up 21%). The Mexican beef market is set to become more competitive this year, having recently opened to some beef imports from
for the first time. Imports from
at zero duty through the end of 2023.
Other January-February results for
beef exports include:
* Fueled by strong growth in the
, beef exports to the
increased 28% year-over-year through February to 4,712 mt, with value up 20% to
. While tourism drives a large portion of
beef also has a growing presence in the region's retail sector.
* February exports to
rebounded to some degree from the steep January decline, but were still down 4% from a year ago to 18,931 mt, while export value dipped 10% to
. Through February, exports to the region were 14% below last year's record pace in volume (33,911 mt) and 23% lower in value (
* Following a record performance in 2022, beef exports to
are off to a slower start this year. Exports through February totaled 9,009 mt, down 26% from a year ago, while export value declined 42% to
has reemerged as a major destination for beef variety meat exports, mainly livers and kidneys, after volumes slowed in 2022. Shipments through February more than doubled from a year ago in volume (4,070 mt, up 144% and a record pace) and nearly tripled in value (
, up 184%). Through February,
was the second largest destination for
beef liver exports and the largest destination for kidney exports. Variety meat exports are also trending sharply higher this year to
* Beef exports to the
strengthened in February to 1,662 mt, up 59% from a year ago, while value jumped 48% to
. This pushed the two-month volume 12% higher to 3,023 mt, valued at
* Beef export value equated to
per head of fed slaughter in February, down 12% from a year ago, while the January-February average was down 24% to
per head. Exports accounted for 14.6% of total beef production in February, up one-half percentage point from a year ago, while the percentage of muscle cuts exported was 12.4% (up from 11.6%). Through February, these ratios were 13.6% of total production and 11.6% for muscle cuts, each down about one percentage point from a year ago.
* * *
Lamb exports continue to trend higher
lamb muscle cuts totaled
in February, up 26% from a year ago, while value increased slightly to
. Led by growth in
Turks and Caicos Islands
, January-February exports increased 70% to
, while value was up 31% to
Complete January-February export results for
pork, beef and lamb are available from USMEF's statistics web page (http://www.usmef.org/news-statistics/statistics/).
* * *
* Export statistics refer to both muscle cuts and variety meat, unless otherwise noted.
* One metric ton (mt) = 2,204.622 pounds.
* As noted the past several months, USMEF has raised concerns in recent years with
about export data collected by the
Department of Commerce
for lamb variety meat to
. Reported volumes have declined dramatically since July, suggesting that the data reported in prior months and years were disproportionately high. USMEF is therefore focusing year-over-year comparisons on lamb muscle cuts only.
pork and beef currently face retaliatory duties in
announced a duty exclusion process that allows importers to apply for relief from duties imposed in response to
Section 301 duties. When an application is successful, the rate for
beef can decline to the MFN rate of 12% and the rate for
pork can decline to 37% (the MFN rate plus the 25% Section 232 retaliatory duty, which remains in place).
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Original text here: https://www.usmef.org/news-statistics/press-releases/momentum-continues-for-u-s-pork-exports-in-february-beef-exports-below-year-ago/