U.S. beef exports posted another strong month in May, according to data released by USDA and compiled by the U.S. Meat Export Federation.
May beef exports totaled 110,133 metric tons (mt), down 5 percent from a year ago but the second largest of 2024. Beef export value reached $902.4 million in May, 3 percent above last year and the highest in 11 months.
USMEF President and CEO Dan Halstrom says exports trended higher year-over-year to Japan, Mexico, the ASEAN Region.
The ASEAN region, led by the Philippines, but also Indonesia and Singapore had fairly good months with a total of 4,600 metric tons up 25 percent,” Halstrom says. “And the real attractive thing about the ASEAN is that the value at $40.6 million is the seventh highest on record.”
For January through May, beef exports followed a similar trend, increasing 5 percent year-over-year in value to $4.29 billion, despite a 4 percent decline in volume (533,578 mt).
