Mexico leads record pork demand, beef thrives
The U.S. meat export market experienced significant growth this summer, with notable increases in beef and pork exports driven by strong international demand.
According to the U.S. Meat and Export Federation (USMEF), July saw impressive numbers, especially from Mexico, which could signal a record-setting year for pork.
In terms of pork, U.S. exports surged to $710.5 million in July, with Mexico purchasing a record $244.5 million worth of U.S. pork, up by 29% from last year. This trend contributed to a year-to-date total nearing $5 billion, a 6% increase over the previous year.
The strength of the pork market in Mexico reflects broader gains across Central America and other regions, offsetting slower purchases from Asian markets affected by economic downturns and currency devaluations.
On the beef front, exports in July totaled 110,419 metric tons, supported by rising demand in Japan and Taiwan, where increased tourism has helped mitigate local economic challenges. U.S. beef also saw a significant upturn in sales to Mexico, where July purchases climbed to $122.5 million, marking an increase of 17% and reaching a four-year high.
The resilience of U.S. meat exports, particularly in key markets like Mexico, Japan, and Taiwan, underscores the strength of the U.S. position in the global meat trade.
Dan Halstrom of the USMEF highlighted the optimistic outlook for the industry, with strong demand indicators suggesting sustained growth and market expansion through the end of the year.