US beef export value reaches another new high in November, topping US$1B for the second time in 2021, according to USDA data; November pork exports lower than a year ago, but year-to-date export value maintains a record pace at more than US$7.5B

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TOPEKA, Kansas , January 17, 2022 (press release) –

U.S. beef export value reached another new high in November, topping $1 billion for the second time in 2021, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). November pork exports were lower than a year ago, but year-to-date export value maintained a record pace at more than $7.5 billion.

November beef exports totaled 123,641 metric tons (mt), up 7% from a year ago and the fourth largest monthly volume in the post-BSE era. Export value was a record $1.05 billion, up 49% year-over-year and exceeding the previous high set in August 2021. For January through November, beef exports were on a record volume pace at 1.32 million mt, up 16% from a year ago. Beef export value, which had already set a new annual record through October, increased more than $2.5 billion from a year ago, soaring 39% to $9.59 billion. Beef exports to South Korea, China/Hong Kong and Central America already have set new annual records for both volume and value, while exports to Taiwan and the Dominican Republic reached new value records.

Pork exports totaled 237,547 mt in November, down 8% from a year ago, while value was 6% lower at $658.3 million. Through November, export volume fell slightly below the record pace of 2020 at 2.71 million mt. Export value was $7.5 billion, up 7% from a year ago and rapidly approaching the annual record of $7.71 billion set in 2020.

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