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After a record year, what’s in store for US Meat in 2023?

U.S. pork exports will fall below the huge records set in 2020 and 2021, while beef exports could hit a record in 2022, approaching $12 billion. Dan Halstrom, president and CEO of the U.S. Meat Exporters’ Federation, said the decline in pork exports was partly due to African swine fever, but a sharp recovery by the end of the year meant the industry was on track for 2023. It is well positioned for annual growth.

As for US beef exports, Halstrom says recent market access gains in China played a significant role, however there has been widespread growth in global demand. A 5% increase in U.S. beef and pork exports in 2023 is expected. Looking back at 2022, it’s been a great year with close to $20 billion in U.S. beef and pork exports.

Source: ESS-Feed