Beef exports

U.S. beef and pork exports posted year-over-year increases in October, according to USDA data compiled by the U.S. Meat Export Federation.

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U.S. beef exports hit a 2-year high in June, totaling over 110,000 metric tons despite a 4% volume decrease.

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The World Ag Supply and Demand Estimates from USDA show the 2023-2024 U.S. wheat outlook is for unchanged supplies and domestic use, higher exports, and reduced ending stocks.

Building on a robust first half of the year, July pork exports continue to outpace 2022 levels. The U.S. and India resolved their last outstanding dispute at the World Trade Organization.

Led by another outstanding month in Mexico and robust demand for variety meat, the U.S. Meat Export Federation reports, exports of U.S. pork continued to gain momentum in May.

Wildfires that raged across California over the past several years have devastated farms. There are few bright spots in latest USDA weekly export sales numbers, for the week ending May 11th.

U.S. beef exports totaled 105,057 mt in February, down 3% from a year ago, while export value dropped 16% to $757.8 million.