November Beef Exports Set New Value Record

The value of U.S. beef exports set another record in November, topping $1 billion for the second time in 2021. According to data compiled by the U.S. Meat Export Federation, November pork exports were lower than the previous year, but year-to-date export value maintained a record value pace. Meanwhile, November beef exports totaled over 123,600 metric tons, up 7% from 2020 and the fourth-largest monthly volume in the post-BSE era. The value was $1.05 billion, 49% higher year-over-year.

Exports through November were on a record volume pace at 1.32 million metric tons. Pork exports were over 237,500 metric tons, down eight percent from last year and a six percent reduction in value at $658 million. Through November, pork export volume fell slightly below the record pace of 2020 at 2.71 million metric tons. The value of pork exports through November reached $7.5 billion, nearing the annual record of $7.71 billion set in 2020.

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