China Fuels October Pork Exports, Beef Exports Down from Last Year

Strong demand from China bolstered U.S. pork exports in October, while October beef exports were below the high totals posted a year ago.

USDA data, compiled by the U.S. Meat Export Federation, shows October pork exports increased 8.5 percent year-over-year to 225,300 metric tons, while export value climbed ten percent to $592 million. January-October export volume was five percent ahead of last year’s pace at 2.13 million metric tons, while value increased three percent to $5.48 billion.

Although still burdened by China’s retaliatory duties, October pork exports to the China region reached 61,000 metric tons, up 150 percent year-over-year, while export value climbed 127 percent to $141.3 million.

USMEF CEO Dan Halstrom says China’s efforts to rebuild its domestic swine inventory continue, but added, “There are still excellent opportunities for pork-supplying countries.”

October beef exports totaled 108,000 metric tons, an eight percent decline from last year’s large volume, while export value of $649.1 million was down 11 percent.