POST Online Media Lite Edition



 

U.S.: November beef exports set new value record; pork exports remain strong

Christian Fernsby |
U.S. beef export value reached another new high in November, topping $1 billion for the second time in 2021, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

Article continues below



Topics: U.S.   

November pork exports were lower than a year ago, but year-to-date export value maintained a record pace at more than $7.5 billion.

November beef exports totaled 123,641 metric tons (mt), up 7% from a year ago and the fourth largest monthly volume in the post-BSE era. Export value was a record $1.05 billion, up 49% year-over-year and exceeding the previous high set in August 2021.

For January through November, beef exports were on a record volume pace at 1.32 million mt, up 16% from a year ago. Beef export value, which had already set a new annual record through October, increased more than $2.5 billion from a year ago, soaring 39% to $9.59 billion.

Pork exports totaled 237,547 mt in November, down 8% from a year ago, while value was 6% lower at $658.3 million. Through November, export volume fell slightly below the record pace of 2020 at 2.71 million mt. Export value was $7.5 billion, up 7% from a year ago and rapidly approaching the annual record ($7.71 billion) set in 2020.

Japan will finish 2021 as the leading volume destination for U.S. beef exports, but is in a neck-and-neck race with South Korea on export value. November exports to Japan totaled 27,539 mt, up 15% from a year ago, while value climbed 54% to $243.1 million.

Through November, exports to Japan were 6% above last year’s pace at 297,354 mt. Export value reached $2.16 billion, up 22% and exceeding $2 billion for the first time since 2018.

Growth to Japan has been in the chilled beef category (142,457 mt, up 13%) and in tongues, skirts and other variety meat (58,543 mt, +38%), with continued strong retail demand.

November beef exports to Korea were 23,292 mt, up 23% from a year ago, while value soared 81% to a record $243.4 million. These results pushed January-November exports to new annual records of 258,552 mt valued at $2.17 billion – up 13% and 36% respectively and already exceeding the previous full-year highs reached in 2019. Chilled beef shipments to Korea totaled 79,619 mt, up 24%.

Beef exports to China/Hong Kong are also on pace to exceed $2 billion in 2021. Through November, exports to the region nearly doubled from a year ago to 219,264 mt (up 98%) and increased 125% in value to $1.9 billion.

Direct exports to China, bolstered by greatly improved market access achieved in the U.S.-China Phase One Economic and Trade Agreement, increased more than 400% from a year ago to 172,257 mt, valued at $1.43 billion (up 502%).

Other January-November highlights for U.S. beef exports include:

Beef variety meat exports set a new monthly value record in November at $116.1 million, up 51% from a year ago. November volume was up 5% to 25,298 mt. Following a down year in 2020, variety meat export volume through November increased 9% to 274,425 mt. Export value reached $975.2 million, up 23% and a new annual record.

Despite being modestly lower in volume through November (57,349 mt, down 3%), beef exports to Taiwan already set a new value record at $600.5 million, up 18% from a year ago and topping the previous high ($567.1 million) set in 2019.

Beef exports to Mexico rebounded impressively in 2021, climbing 10% in volume (181,699 mt) and 33% in value ($961.5 million). Mexico is the largest volume destination for U.S. beef variety meat exports, which were also 10% higher in volume at 87,695 mt, while value increased 19% to $236.9 million.

Led by strong gains in Guatemala, Costa Rica, Panama and Honduras, beef exports to Central America had already surpassed previous annual records by the end of October. Through November, exports climbed 57% from a year ago to 19,554 mt and soared 86% higher in value ($126.3 million).

Strong growth in Chile, Colombia and Peru drove beef exports to South America 33% above last year’s pace at 28,875 mt, while value increased 86% to $162.5 million.

Beef exports to the Dominican Republic reached 7,106 mt, up 83% from a year ago, with value more than doubling to $68 million (up 120% and a new annual record).

Beef export value per head of fed slaughter equated to a record $480.67 in November, up 42% from a year ago. The January-November average was $402.09, up 35%. November exports accounted for 15.2% of total beef production and 12.9% for muscle cuts only, up from 14.8% and 12.6%, respectively, in November 2020.

For January through November these ratios were 15% of total production, up from 13.3% a year ago, and 12.8% for muscle cuts, up from 11.1%.


What to read next

U.S. February red meat exports below last year
U.S. beef to be back on Chinese dining tables
Trade dominates beef agenda, says Rabobank

EU green energy product imports in 2021: 15.2 billion euros

 
In 2021, the EU spent €15.2 billion on imports of green energy products (including wind turbines, solar panels and liquid biofuels) from countries outside the EU.
 
 

Latest

Department of Health in South Africa to conduct feasibility study on implementing solar panels in hospitals
Austrian rail strike goes ahead
City Hall and TfL release land for 100 new ultra-rapid public charging points on busy London roads
Astrophysicists hunt for second-closest supermassive black hole

NEWS

European super drugs cartel taken down in six countries, over 30 tonnes of drugs seized

Cotopaxi volcano in Ecuador registers new activity
BBC journalist beaten up in China 'to stop him catching COVID' while covering protests
Scotland's largest teaching union announces 16 new strike dates
U.S.: Wet travel conditions for east, snow and wind for Pacific northwest and Rockies
WhatsApp data leak puts 487m records for sale
 

BUSINESS

Swiss reserve power plant to be operational by February

Over 4,000 European doctors left UK after Brexit
South Asia's first underwater tunnel marks partial completion in Bangladesh
Autobrake slashes rear-end crash rates for pickups, but few are equipped
UK food and drink market declines in real terms in 2022
Highlights: November 21, 2022 - November 26, 2022
 

Trending Now

Enel Generacion Chile agreement with Shell to bring $500 million

Department of Health in South Africa to conduct feasibility study on implementing solar panels in hospitals

City Hall and TfL release land for 100 new ultra-rapid public charging points on busy London roads

Austrian rail strike goes ahead


POLITICS

Netherlands to build over 400,000 new homes, spend €4bn on public transport infrastructure

U.S. allows resumption of limited oil extraction by Chevron in Venezuela
France, Germany sign joint declaration on energy solidarity
Ukrainan president announces launch of Grain from Ukraine program
U.S. bans Huawei, ZTE equipment over security risk
U.S. excludes oil for Japan from Russia's Sakhalin-2 from price cap
 

Today We Recommend

European super drugs cartel taken down in six countries, over 30 tonnes of drugs seized


Highlights 

City Hall and TfL release land for 100 new ultra-rapid public charging points on busy London roads

BMW invests EUR2 billion in Hungarian plant, will create 500+ jobs

Veon to unload Russian operations for $2.1 billion


COMPANIES

Jan De Nul acquires Global Marine

Encavis acquires wind farm in Lithuania
Ukraine bans firewood exports
Avtodom approves acquisition of Mercedes' Russian asset with buyback option
Gazprom requests 42.4 mcm for transit via Ukraine, decides against cutting supply to Moldova
BP gets contract to market Guyana's share of oil production
 

CAREERS

1NCE expands leadership team in Europe and Asia-Pacific

Walt Disney fires CEO Bob Chapek, returns Robert A. Iger
Appian appoints Silvio Lima as head of corporate affairs
Appia Rare Earths appoints Irvine R. Annesley as vice president
Charwood Energy appoints Pierre-Yves Lefebvre as CFO
Moon Surgical appoints Mark Toland as director
 

ECONOMY

Czech Republic: Economic sentiment ticks up in November

Poland: Business sentiment ticks up in November
Italy: Business confidence strengthens in November
Italy: Consumer confidence improves notably in November
Abu Dhabi GDP expands 11.2pc in H1 on robust non-oil activities
German economy grows more than initially estimated in Q3
 

EARNINGS

Natuzzi Q3 revenue increased 14.5%

CMA CGM Q3 revenue $19.9 billion
G. Willi-Food Q3 sales increased by 16.6%
Deere Q4 net income $2.246 billion
Nordstrom Q3 net loss $20 million
VMware Q3 revenue $3.21 billion
 

OP-ED

Micromanaging is the worst enemy of efficiency and teamwork

Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
 

AGRIFISH

Pesticide sales jump by 17% in Switzerland

Tesco announces close to £14 million of additional support for British egg industry
Illegal transportation of more than a ton of salmon, sturgeon caviar stopped at Omsk section of Russian-Kazakh border
Rosselkhoznadzor found pests, returned apples to North Macedonia
NDA reports additional case of HPAI in Nebraska
Aldi announces £12.5 million in support for British egg industry
 

LEADERSHIP

Corporate duty waivers limit organic company growth and innovation

Women buy from women, men buy from women and men
How employee opinion impacts CEO dismissal
Keeping it in family can be good news when it comes to CEOs
Over a third of office workers are hybrid 'misfits'
Proxy advisers have inherent incentive to create controversy, study shows
 

CRIME

Ukraine fines Engie, Shell subsidiaries over Nord Stream 2

New Zealand fines Southland fishing company $40,000
Italy's antitrust fines Edison Energia 3.8 mln euros over unfair practices
FTC secures monetary judgment in deceptive energy savings claims case
Croatian Competition Agency fines dairy processing company PIK Rijeka $13,740 for imposing unfair trading practices
SEC charges S&P Global Ratings with conflict of interest violations
 

Magazine

TRAVEL

Dual branded Courtyard and Residence Inn by Marriott Hotel opens in Montreal

Candlewood Suites Hotel opens in Aberdeen, Md.
Mount Roraima, Venezuela, 7,671 feet above the forest floor
Llao Llao Resort, an exclusive resort in the middle of nowhere
Abu Dhabi welcomes visitors to discover experiences at their own pace
Christmas Nights of Lights started in Indiana
 

SEA, LAND, AIR

New colorful Porsche 718 Style Edition models

2023 Toyota Prius Prime, solar panel roof and reliability
Volvo EX90, a car with updates
Cessna Citation CJ4 Gen2 jet, pursue your business goals while enjoying journey
GMC first Sierra EV marks turning point
BMW M2, fast beast in small package
 

DESIGN

Patchwork carpets, vintage Persian carpets made with unparalleled skill

Real life wallpapers, perfectly executed
A. Lange & Söhne, men's watches with true Saxonian DNA
Nella Vetrina, luxurious Italian designers bathroom vanities and furniture
Karastan rugs, durable and beautiful
Leather bags for every occasion and every life style
 

GADGETS

Take Elektor Fortissimo and make your own high-end amplifier

RangeXTD, a Wi-Fi extender that actually works
Monitor II A.N.C. headphones, iconic Marshall sound
Zebra TC15, a clever mix of a mobile phone and a computer for business use
Bathroom speakers will make your relaxing even better
NAD 399 amplifier, highly efficient and remarkably powerful
 

HEALTH

Pakistan launches anti-polio vaccination drive to inoculate 13.5 mln children

Ibuprofen and similar NSAIDS can be associated with hastened progression of osteoarthritis symptoms
Virgin Islands community encouraged to prevent antimicrobial resistance
Shionogi seeks Japan approval for COVID-19 vaccine
French doctors warn of antibiotics shortage
Merck's Keytruda shows survival benefit, meets main goal of gastric cancer trial
 

MEANTIME

New European supercomputer inaugurated in Italy

European Space Agency presents new generation of astronauts
NASA selects Rocket Lab to launch TROPICS mission
World's heaviest flying bird heals itself with plants used in traditional medicine
James Webb Space Telescope reveals an exoplanet atmosphere as never seen before
U.S. to demolish four dams in river restoration effort