Monday, August 8, 2016

U.S. Pork, Beef Exports Ahead of Last Year

U.S. red meat exports ended the first half of 2016 on a positive note, as June export values for both pork and beef were the highest of the year. June also marked the second consecutive month of solid year-over-year volume growth, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

Pork exports reached 187,939 metric tons (mt) in June, up 8 percent from a year ago, while export value increased 11 percent to $505.4 million. For the first half of the year, pork export volume was up 2 percent to 1.1 million mt, but value was down 4 percent to $2.77 billion.

Exports accounted for 26 percent of total pork production in June and 22 percent for muscle cuts only – each up one percentage point from a year ago. For January through June, these ratios were 25 percent and 21 percent, respectively, up slightly from last year. Export value per head slaughtered was $52.83 in June – up 10 percent from a year ago. First-half per-head value was $48.34, down 5 percent.

June beef export volume increased 2 percent from a year ago to 98,920 mt, while export value was $545.4 million, down 5 percent. First-half export volume was up 3 percent to 541,547 mt, while value fell 10 percent to $2.91 billion.

Exports accounted for 13 percent of total beef production in June and 10 percent for muscle cuts only – each down about 1 percentage point from a year ago. For January through June, these ratios were also 13 percent and 10 percent, respectively, steady with last year. Export value per head of fed slaughter was $250 in June and $249.67 for the first half – each down 14 percent from a year ago.

June pork exports to China/Hong Kong remained well ahead of last year’s pace, increasing 84 percent in volume (50,374 mt) and 73 percent in value ($98.8 million). But June volume was the lowest since February, reflecting some cooling of the market. Exports to China/Hong Kong finished the first half 80 percent higher than a year ago in volume (284,900 mt) and 63 percent higher in value ($540.5 million).

Source: U.S. Meat Export Federation

Artwork: Meat with Red Tomato and Green Leaf
Beef
Pork
Meat

Sunday, May 8, 2016

U.S. Red Meat Exports Move Higher in March

March exports of both U.S. beef and pork increased year-over-year in volume, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF). March export values were lower than a year ago but trended upward, with both reaching a 2016 high.

Beef exports totaled 89,482 metric tons (mt) in March, up 3 percent from a year ago and pushing first-quarter volume to 254,986 mt – up 2 percent. March export value was $483.3 million, down 8 percent from a year ago but the highest since December. For the first quarter, export value was $1.36 billion – down 13 percent from the same period last year.

While lower beef prices pushed export values below year-ago levels in most destinations, Korea and Taiwan stood out as top performers. For the first quarter, exports to Korea increased 25 percent from a year ago in volume (34,638 mt) and were steady in value at $205 million. Exports to Taiwan increased 20 percent to 7,634 mt, while value climbed 3 percent to $66.4 million. These markets continue to show strong demand for high-quality chilled U.S. beef cuts in both the retail and foodservice sectors. Beef variety meat exports to Korea have also performed exceptionally well in 2016, with first-quarter exports more than doubling in volume (3,954 mt, +133 percent) and increasing 84 percent in value ($17.6 million).

First-quarter beef export volume to Japan improved 9 percent from a year ago to 52,841 mt, while value fell 7 percent to $300.4 million. Led by strong demand for U.S. beef tongues, beef variety meat exports to Japan were very strong in the first quarter, increasing 21 percent from a year ago in volume (9,877 mt) and 22 percent in value ($70.4 million).

Beef exports to the Middle East increased 13 percent in the first quarter to 27,641 mt, though value fell 11 percent to $60.3 million. Variety meat exports to Egypt increased 47 percent year-over-year in March, pushing the first-quarter total to 24,543 mt (+14 percent). The United Arab Emirates (UAE) is the leading market in the region for beef muscle cuts, with first-quarter exports increasing 8 percent year-over-year to 1,507 mt. Export value to the UAE fell 2 percent to $17.3 million.

Weakness of the Mexican peso and Canadian dollar continues to be a significant obstacle for U.S. beef. First-quarter exports to Canada declined 9 percent from a year ago in volume (26,246 mt) and 21 percent in value ($160.7 million). First-quarter exports to Mexico were down 14 percent (48,916 mt) and 23 percent ($219.4 million), respectively, though beef muscle cut exports to Mexico rebounded to some degree in March at 9,103 mt – the highest volume since December.

Source: U.S. Meat Export Federation

work: a piece of red meat with a knife
Beef
Farm Supply
Meat