Sep 30, 2014
Home| Tools| Events| Blogs| Discussions Sign UpLogin

February Pork Exports Well Above Year-Ago

April 13, 2012
By: Julianne Johnston, Pro Farmer Digital Managing Editor
 
 

The U.S. Meat Export Federation (USMEF) says based on USDA data, U.S. pork exports in February were up 9% in volume compared to year-ago, while beef exports were 3% lower. The group estimates pork exports in terms of value were up 21% from year-ago, while beef exports in terms of value were up 10%.

For the first two months of the year, pork exports totaled 399,086 metric tons (MT) valued at $1.09 billion – increases of 18% and 31%, respectively. This is the first time U.S. pork export value has reached the $1 billion mark after only two months, notes USMEF. During the same period, beef exports totaled 176,585 MT (2% lower) valued at $815 million, which is 12% higher than the same period last year.

"Export results were quite solid, especially considering the impact of market access issues in some destinations, particularly Taiwan and Southeast Asia," said USMEF President and CEO Philip Seng. "We continue to expand the presence of U.S. pork in all key destinations - especially in North Asia and in Western Hemisphere markets. In the beef complex, export volume may be struggling somewhat due to price, but we are having great success directing beef cuts to the markets that value them most. This is keeping beef export value very strong – well ahead of the record pace established last year."


Juli says: For 2012, USDA currently projects beef exports to be down 2.3% from last year, while pork exports are expected to be 2.1% higher.

See Comments

RELATED TOPICS: Cotton

 
Log In or Sign Up to comment

COMMENTS

No comments have been posted



Name:

Comments:

Receive the latest news, information and commentary customized for you. Sign up to receive the AgWeb Daily eNewsletter today!.

 
 
Enter Zip Code below to view live local results:
bayer
 
 
The Home Page of Agriculture
© 2014 Farm Journal, Inc. All Rights Reserved|Web site design and development by AmericanEagle.com|Site Map|Privacy Policy|Terms & Conditions