US red meat exports above year-ago levels - USMEF
October beef exports totalled 105,269 metric tons
10 December 2024
1 minute read
By: Exports of US beef and pork posted year-over-year increases in October, according to data released by USDA and compiled by the US Meat Export Federation (USMEF), with pork exports well-positioned to set annual volume and value records in 2024.
October beef exports totalled 105,269 metric tons (mt), up 1% from a year ago, while value increased 3% to $860.4 million. Shipments to Mexico maintained their impressive 2024 performance in October, while exports rebounded to South Korea and China/Hong Kong. For January through October, beef export value was 4% above last year at $8.68 billion, despite a 2% decline in volume (1.066 million mt).
“It’s encouraging to see an uptick in demand for US beef in China and Korea, where the economic headwinds have been formidable this year,” said Dan Halstrom, USMEF president and CEO. “Our Western Hemisphere markets have been outstanding, and exports have also expanded to the ASEAN region. So if US beef can regain momentum in these larger Asian destinations, this bodes well for 2025.”
