Robust January for U.S. pork exports, slow start for beef
Beef exports declined to several major destinations in January, though shipments increased sharply to Mexico, the Dominican Republic, the Philippines and Africa. January volume fell 15% year-over-year to 100,942 mt, valued at $702.3 million (down 32%). Beef inventories swelled in some key markets near the end of last year, contributing to a challenging environment for U.S. exports. “While beef exports are off to a slow start in 2023, we remain optimistic that post-COVID foodservice demand will strengthen in additional markets as the year progresses,” Halstrom said.
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