Graph Beef Exports

Meat exports through July continued at a strong pace with total red meat up 5.6% year-to-date while poultry exports are up 4.6%. Beef exports were 297.3 million pounds in July which is 17.9% above last year and the highest export level for the month of July on record. Through the first seven months of the year beef exports are 21.0% above the same period from a year ago. The strong pace of shipments is attributable to growing export levels to South Korea (up 25.3%), Mexico (up 17.4%), and a nearly eleven-fold increase to China. Beef exports to China were 51.0 million pounds in July, a record level and more than eight times the amount shipped last year. Despite the strong pace of shipments, year-to-date levels to Japan, Canada, and Hong Kong are down 4.2%, 7.5%, and 31.7%, respectively.

Pork exports were 508.2 million pounds in July, down 8.5% from last year and the lowest monthly shipment level since September 2019. Year-to-date through July, pork exports are tracking nearly level with a year ago, down 0.2%. Through the first seven months of the year, higher exports to Mexico (up 24.2%), Japan (up 8.1%), South Korea (up 7.9%), and Canada (up 2.1%) have partially offset the 34.6% decline in shipments to China. Pork exports to China totaled 58.8 million pounds in July, down 62.2% from a year ago and the lowest level since May 2019. Exports to China peaked this year at 170.9 million pounds in March but have since declined precipitously 65.6% as of July.

July broiler exports dipped 8.2% from the prior month to 596.0 million pounds but rose 1.5% from the prior year. On average about a third of broiler exports are destined for Mexico which was 66.0 million pounds in July (up 15.6%) and through the first seven months of the year shipments are tracking 28.0% above the same period last year. Year-to-date broiler exports to Angola, Canada, and Caribbean are each up 51.0%, 5.9%, and 66.4%, respectively. Turkey exports were 46.5 million pounds in July, down 1.5% from last year. Year-to-date turkey exports are up 2.6% from a year ago supported by an 8.9% increase in shipments to Mexico through the first seven months of 2021.