US August beef exports below last year - USMEF
Demand robust in Latin America
19 October 2023
1 minute read
By: US beef exports to Mexico continued to trend higher in August, with shipments increasing 16% from a year ago to 18,674 mt. Export value increased even more dramatically, climbing 35% to $110.9 million – the highest since December 2020, according to data released by USDA and compiled by the US Meat Export Federation (USMEF). Through August, beef exports to Mexico were 17% above last year at 136,508 mt, valued at $773.5 million (up 25%).
Beef exports to Guatemala were the second highest on record in August (1,038 mt, including nearly 1,000 mt of muscle cuts), propelling shipments to Central America to 1,774 mt, an increase of 42% from a year ago. Export value reached $12.1 million, up 33%. Through August, exports to the region were down 4% in volume (13,261 mt) and 6% in value ($91.5 million), but exports trended higher to Guatemala and increased sharply to Honduras and Nicaragua.
Beef exports to the Dominican Republic trended higher in August at 883 mt, up 6%, while value increased 28% to $11.7 million. Through August, exports to the DR were up 6% to 6,527 mt, while value climbed 12% to $73.2 million. With shipments also increasing to the Bahamas and the Netherlands Antilles, January-August exports to the Caribbean increased 5% in value to $170.9 million, despite a 6% decline in volume (18,140 mt).
