Apr 17, 2014
Home| Tools| Events| Blogs| Discussions| Sign UpLogin

USMEF: August Pork & Beef Exports Soar

October 14, 2011
By: Julianne Johnston, Pro Farmer Digital Managing Editor

The U.S. Meat Export Federation (USMEF) says according to data released by USDA, August was a strong month for beef and pork exports. Pork exports reached their highest monthly volume of the year at 186,068 metric tons (MT), and the second-highest value total of all time at $531.2 million. Beef exports set an all-time monthly value record at $514.2 million on a strong volume of 116,405 MT. Both pork and beef exports are on pace to set new value records in 2011 and to eclipse the $5 billion mark for the first time ever, they note.

Pork exports surge in Asia, Canada, Russia, Southern Hemisphere markets
August pork exports were 27% higher than a year ago in terms of volume and 44% higher in value (surpassed only by the record $553.6 million, set in March 2011). This performance pushed year-to-date exports to nearly 1.44 million MT valued at $3.82 billion -- an increase of 16% in volume and 23% in value over last year’s pace. August exports equated to 27.3% of production with a value of $56.27 per head, compared to 22.4% and $40.87 in August 2010. For the year, pork exports equated to 27.3% of production with a per head value of $53.98.

Beef exports show strong growth in nearly all major markets
Despite slipping slightly from July in terms of volume, a strong August performance pushed beef exports 26% higher for the year in volume (857,680 MT) and 39% higher in value ($3.58 billion). August exports equated to 14% of total U.S. production with a value of $214.11 per head of fed slaughter. (This compared to just under 12% and $159.59 per head last year.) For the year, beef exports equated to 14.2% of production with a value of $200.75 per head.

Juli says: Keep in mind that USDA trimmed its 2012 pork export forecast in this month's S&D Report, but still sees growth from 2011. USDA raised its 2011 and 2012 beef export forecasts this month, reflecting their belief a weak U.S. dollar will keep demand for U.S. beef strong. After this month's strong August data, USDA may raise its 2011 pork export forecast a touch.

See Comments

RELATED TOPICS: Hogs, USDA, Cattle, Exports

Log In or Sign Up to comment


No comments have been posted



Receive the latest news, information and commentary customized for you. Sign up to receive Beef Today's Cattle Drive today!. Interested in the latest prices for cattle in your area? See highlights of the latest for-sale cattle in the Cattle-Exchange eNewsletter.

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