Red meat exports from the United States gained momentum in May with shipments of both beef and pork increasing significantly. Data released by the U.S. Meat Export Federation and the Department of Agriculture last week show exports of both pork and beef reached their highest point of the year in May. May beef export volume increased 12 percent from a year ago to more than 99,000 metric tons. Export value, at $533.3 million, was four percent lower than a year ago but still the highest since July of 2015.
Pork exports reached just shy of 200,000 metric tons in May, up eight percent from a year ago, while export value increased three percent to $501.7 million. Both totals were the highest since April of 2015.
Source: NAFB News Service