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September Pork Exports Remain on Record Pace; Beef Exports Head Lower

September exports of U.S. pork increased by 10 percent year-over-year, keeping 2020 exports on a record pace. 

Those numbers come from the latest data released by USDA and compiled by the U.S. Meat Export Federation. 

Beef exports were fairly steady with last year in major Asian markets but trended lower overall. Pork exports totaled more than 222,400 metric tons in September, with the value increasing six percent to $563.2 million. 

Exports set a new record for Canada and increased year-over-year to Japan, Vietnam, the Philippines, Taiwan, Chile, and the Caribbean. 

Through the first three quarters of 2020, pork export pace was 16 percent higher than last year’s record pace in both volume and value. 

“While pork exports remain strong to China and Hong Kong, it’s vitally important that our export destinations remain diversified,” says USMEF CEO Dan Halstrom. 

September beef exports were down six percent from last year to 103,277 metric tons, valued at just over $600 million. 

Exports to South Korea and Taiwan remained strong, while exports set a new record in China. 

“USMEF is very encouraged by the recovery in Asia, and this was especially evident in the strong August and September exports of U.S. beef to Korea, Taiwan, and China,” Halstrom adds.

(Story Courtesy of NAFB News Service)


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