More good news for the beef and pork industry-October pork exports set a new monthly record. October pork export volume was 207,725 mt. That's the largest since May. Since January, pork exports are 1% above last year's record pace at 2.02 mmt. The value was also up 1% to $5.33 billion.
October beef exports totaled 117,838 mt. That's up 6% from a year ago and valued at $727.4 million dollars. That's up 10%. It's also the second-highest monthly total on record.
China opened up its doors in 2017 U.S. beef for the first time since the BSE scare in 2003. However, China's buys have been minuscule lately, even before the tariffs. USMEF says China's buys in October were down 27% from a year ago.
See the full report from the U.S. Meat Export Federation here.