July exports of U.S. beef rebounded from recent lows, but remained below 2019 levels, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). U.S. pork exports, which are on a record pace in 2020, also were down from a year ago in July, but increased compared to June.
Beef exports for July totaled 107,298 metric tons (mt), up 36% from June, but still 9% below last year. Export value was $647.8 million, the highest since March, but down 10% from a year ago. July exports to China increased sharply year-over-year and shipments trended higher to Taiwan, Canada and Hong Kong. Exports were lower than a year ago to Japan and South Korea and declined significantly to Mexico.
July pork exports totaled 222,035 mt, down 5% from a year ago, while export value fell 12% to $548.3 million. Exports increased year-over-year to China/Hong Kong, Canada, the Philippines, Vietnam and the Caribbean. Exports to Mexico remained below last year, but were the largest since March. Shipments to Japan also were down from a year ago, but the largest since April.
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