Momentum Continues for U.S. Beef Exports; Record Value to Mexico Fuels Strong Month for Pork

Hear/Download the Audio Report HERE.

Exports of U.S. beef continued to build momentum in July, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Pork exports were also well above year-ago levels in July, led by a value record for shipments to Mexico.

As USMEF President and CEO Dan Halstrom explains in this audio report, July beef exports totaled 110,419 metric tons (mt), up 7% from a year ago and the second largest of 2024. Export value climbed 12% to $910.9 million, also the second highest this year. July growth was fueled primarily by strengthening demand in Japan, Taiwan, Mexico and the Middle East and ASEAN regions.

For January through July, beef export value increased 6% from a year ago to $6.13 billion, despite a 2% decline in volume (754,152 mt).

Pork exports reached 241,210 mt in July, up 10% from a year ago. Export value jumped 13% to $710.5 million, fueled in part by a record $244.5 million for leading market Mexico. July exports also trended substantially higher year-over-year in most Latin American markets and in South Korea.

Through the first seven months of 2024, pork exports were 4% above last year at 1.76 million mt. Export value was just under $5 billion - up 6% from a year ago, when pork exports set an annual value record of $8.16 billion.

A detailed summary of the January-July export results for U.S. beef, pork and lamb, including market-specific highlights, is available from the USMEF website.

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