Weekly USMEF Audio Report: China Headlines Big Month for U.S. Pork Exports; Beef Export Growth Led by Taiwan
DENVER, CO – March 10, 2020 – Following a record-breaking performance in 2019, U.S. pork exports maintained a torrid pace in January, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). January export volume (273,603 metric tons, up 36% year-over-year) and value ($738.7 million, up 50%) were the second highest on record, trailing only December 2019.
China’s surging demand for U.S. pork continued in January, due in part to the ongoing impact of African swine fever on China’s domestic pork production. Joel Haggard, USMEF senior vice president for the Asia Pacific, explains that U.S. pork exports to China were record-large in 2019 despite very high retaliatory duties and rising trade tensions between the United States and China. He notes that the U.S.-China trade relationship has improved significantly in 2020, and although the total import duty rate for U.S. pork is still above 60%, China now allows importers to apply for exclusions that can lower the rate to 33% for U.S. pork muscle cuts and 37% for variety meat.
January beef export growth was led by Taiwan, where U.S. beef exports have set new value records for seven consecutive years and January exports reached $43.5 million. Haggard explains that Taiwan began as a low-end market for U.S. beef but now consumers there enjoy a wide range of high-quality chilled (never frozen) U.S. beef cuts.
More details on these two markets and a complete summary of January export results for U.S. pork, beef and lamb are available from the USMEF website.
The U.S. Meat Export Federation (www.USMEF.org) is the trade association responsible for developing international markets for the U.S. red meat industry. It is funded by USDA; the beef, pork, lamb, corn and soybean checkoff programs, as well as its members representing nine industry sectors: beef/veal producing & feeding, pork producing & feeding, lamb producing & feeding, packing & processing, purveying & trading, oilseeds producing, feedgrains producing, farm organizations and supply & service organizations.
Submitted to the BARN by:
Vice President, Communications
U.S. Meat Export Federation