Lower volumes of U.S. beef and pork exports were reported in November, but the value of these exports were on record pace, according to data released by the U.S. Department of Agriculture (USDA) and compiled by the U.S. Meat Export Federation (USMEF) last week.

The cumulative 2014 volume totals were still higher year-over-year, with January-November beef exports up 2 percent to 1.1 million metric tons. Pork exports were also 2 percent higher at just under 2 million metric tons, the report said.

With December totals still to be recorded, beef exports already set a new full-year value record of $6.49 billion (up 16 percent year-over-year). Pork export value through...