U.S. beef exports posted one of best months on record
November was also a strong month for pork exports, which already surpassed the full-year volume and value records set in 2019.
November beef exports totaled 115,337 metric tons (mt), up 6% from a year ago and the largest since July 2019.
Export value climbed 8% year-over-year to $707.5 million.
Through November, exports were 6% lower year-over-year in volume (1.13 million mt) and down 7% in value ($6.9 billion).
November beef muscle cut exports were the third largest on record at 91,338 mt (up 13%, trailing only July and August 2019), valued at $630.4 million (up 11%).
January-November muscle cut exports were 3% below 2019 in volume (883,012 mt) and 6% lower in value ($6.11 billion).
Beef export value averaged $338.43 per head of fed slaughter in November, up 10% from a year ago and the highest since April.
The January-November average was $298.01, down 3% from a year ago.
Exports accounted for 14.8% of November beef production and 12.6% for muscle cuts only, each up significantly from a year ago (13.7% and 11%, respectively).
January-November exports accounted for 13.3% of total beef production and 11.1% for muscle cuts, down from 14.1% and 11.4%, respectively, in 2019. ■