August pork exports trend higher - USMEF
Export value climbed 4%
13 October 2022
1 minute read
By: August exports of US pork topped year-ago totals for the first time in 2022, according to data released by USDA and compiled by the US Meat Export Federation (USMEF).
Pork exports reached 226,293 metric tons (mt) in August, up slightly from a year ago and the largest since November 2021, while export value climbed 4% to $659.6 million. Through August, pork exports were 15% below last year at 1.72 million mt, valued at $4.9 billion (down 13%).
“We speak often about the importance of developing a wide range of markets for U.S. red meat, and the August export results are a great illustration of that,” said USMEF president and CEO Dan Halstrom. “Exports face significant headwinds in some key destinations, with weakened currencies topping the list. But the emphasis on broad-based growth really pays dividends in these situations, allowing the overall export picture to remain very positive. I also cannot say enough about the loyalty of our international customers, many of whom have diminished purchasing power but continue to show a strong preference for U.S. red meat.”
