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Monday, December 11, 2023

Beef Exports Show Modest Rebound

U.S. pork exports posted another strong performance in October, led by record-breaking shipments to Mexico and broad-based growth elsewhere. October pork exports totaled 245,345 metric tons, up three percent year-over-year and the largest since June. The value reached $688.2 million, down two percent from 2022. Shipments to Mexico reached new highs in both volume and value. For the first 10 months of 2023, pork exports were up nine percent from last year at 2.38 million metric tons, with value up six percent to $6.66 billion. Beef exports totaled 104,446 metric tons in October, down 17 percent from last year but six percent above the low volume in September. Export value reached $636 million, down 11 percent from last year but five percent above September. January-October U.S. beef exports reached 1.08 million metric tons, down 13 percent from the record pace of 2022, while value dropped 17 percent to $8.32 billion.