Record Beef Exports in November, Annual Exports Lower

DENVER, CO – U.S. beef exports posted one of the best months on record in November, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

November beef exports totaled 115 thousand metric tons (mt), up 6 percent from a year ago and the largest since July 2019.

Export value climbed 8 percent year-over-year to $707 million.

November beef muscle cut exports were the third largest on record (91 thousand mt), increasing 13 percent, valued at $630 million (up 11 percent).

November exports to China and Guatemala set new monthly records, while shipments to Mexico were the largest since 2016.

Exports to Taiwan remained strong and are well-positioned to set a new annual record in 2020.

Through November, beef exports were 6 percent lower year-over-year in volume (1.13 million mt) and down 7 percent in value ($6.9 billion).
(SOURCE: All Ag News)