Jan 10, 2022 5:30 PM

November beef exports set new value record

Posted Jan 10, 2022 5:30 PM

The value of U.S. beef exports set another record in November, topping $1 billion for the second time in 2021. USDA data compiled by the U.S. Meat Export Federation says November pork exports were lower than the previous year, but year-to-date export value maintained a record value pace.

November beef exports totaled over 123,600 metric tons, up seven percent from 2020 and the fourth-largest monthly volume in the post-BSE era.

The value was $1.05 billion, 49 percent higher year-over-year. Year-to-date exports through November were on a record volume pace at 1.32 million metric tons. Pork exports were over 237,500 metric tons, down eight percent from last year and a six percent reduction in value at $658 million.

Through November, pork export volume fell slightly below the record pace of 2020 at 2.71 million metric tons. The value of pork exports through November reached $7.5 billion, nearing the annual record of $7.71 billion set in 2020.