The United States is exporting a strong share of its beef and pork production at higher prices — a clear sign of solid international demand, the the U.S. Meat Export Federation (USMEF) said last week. Beef exports set a monthly value record in March and pork export value reached the second-highest level on record, according to data compiled by the USMEF.

March beef export value was $693.1 million, up 18 percent year-over-year and topping the previous high set in October 2014. Export volume was 111,994 metric tons (mt),...