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Metals - May 08 2021 08:46:29pm
By euromeatnews
US red meat exports ended the first quarter on a very high note, according to data released by USDA and compiled by the US Meat Export Federation (USMEF), with March beef and pork exports each posting the highest monthly value on record. Pork exports and shipments of beef muscle cuts also set new volume records in March.
As a fact, in March, the export value of beef broke the $800 million mark for the first time, reaching $801.9 million, up 14% year-over-year. Beef exports totaled 124,808 tonnes in March, up 8% from a year ago and the second largest of the post-BSE era.
Beef muscle cut exports set new monthly records for both volume (98,986 tonnes, up 13% from a year ago) and value ($718.3 million, up 17%). For the first quarter, beef exports pulled even with last year’s pace at 333,348 tonnes, valued at $2.12 billion. For beef muscle cuts, first-quarter exports increased 4% to 262,914 tonnes, valued at $1.9 billion (up 5%).