Pork Exports Gain Momentum; Beef Export Value Sets Annual Record

November exports of U.S. pork reached a 2022 high in both volume and value, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Even though November beef exports were below the large year-ago totals, 2022 export value has already set a full-year record of nearly $11 billion.

PORK'S RECORD-SHATTERING PERFORMANCE 
Pork exports reached 245,663 metric tons (mt) in November, up 3% from a year ago, USMEF reports, while export value climbed 10% to $725.1 million. In both volume and value, exports were the highest since May 2021. For January through November, pork exports were 10% below the previous year at 2.43 million mt, valued at just under $7 billion (down 7%).

Thanks to Mexico and the Dominican Republic, pork exports were record-large in November, with shipments to Mexico topping $200 million for the second consecutive month, USMEF notes. In addition, exports also trended higher year-over-year to China/Hong Kong, South Korea and the Philippines.