November U.S. beef exports jumped 6% higher, the largest since July 2019. Meanwhile, U.S. pork exports January-November set new annual records for both volume and value, already surpassing the full-year volume and value records set in 2019.Data released by USDA and compiled by the U.S. Meat Export Federation shows November was one of the best months on record for beef.”Demand for U.S. beef in the global retail sector has been outstanding and we expect this to continue in 2021,” said USMEF President and CEO Dan Halstrom. “Unfortunately, foodservice continues to face COVID-related challenges. We expect a broader foodservice recovery this year, especially from mid-2021, but will likely still see interruptions in some markets.”“For U.S. pork, it’s great to set new records with an entire month to spare, but especially gratifying to see a diverse range of markets contributing to U.S. export growth,” Halstrom said. “USMEF still expects strong pork demand from China in 2021, but we’re seeing a much-needed rebound in other regions, especially in Western Hemisphere markets.”January-November pork exports set new annual records for both volume (2.72 million mt, up 14% from the previous year’s pace) and value ($7.03 billion, up 13%). Pork muscle cut exports also shattered previous annual records, increasing 18% year-over-year to 2.29 million mt, valued at $6.08 billion (up 15%).
https://www.porkbusiness.com/news/industry/beef-exports-spike-pork-sets-record
