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U.S. beef exports posted one of best months on record

Christian Fernsby |
U.S. beef exports posted one of the best months on record in November, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

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Topics: U.S.   

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.

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