July Beef Exports Largest of 2012; Pork Exports Decline

September 12, 2012 04:10 AM
 

According to data from USDA and compiled by the U.S. Meat Export Federation (USMEF), pork exports in July were slightly lower than the previous month and beef exports posted their strongest month of the year.

USMEF says July pork exports totaled 164,720 metric tons (MT), down nearly 3% from a year ago and the smallest volume since October 2010. Pork export value was also down less than 3% to $467.4 million. Still, year-to-date exports through July are 4% above last year’s record pace in volume (1.3 million MT) and 11% higher in value ($3.63 billion). Pork export value per head slaughtered in July was $56.04, down from $58.84 a year ago. But for January through July, export value per head was about 8% higher than last year at $57.56. Exports equated to 23% of July production for muscle cuts and 26.5% when including variety meat. For January through July, these ratios were 24% and 27.5%, respectively.

While July beef export volume of 108,971 MT was 9.5% lower than a year ago, USMEF says it was the largest monthly volume of 2012 and up 16% from June. Export value in July of $513.5 million was slightly higher than a year ago and up 11% from June. Year-to-date exports through July remained 11% below the record pace of 2011 in volume (659,433 MT) but increased 4% in value to $3.17 billion. July beef exports equated to 11% of production for muscle cuts and 14.3% when including variety meat. The respective ratios for January through July were 9.8% and 12.8%. Beef export value per head of fed slaughter totaled $235.18 in July – down less than 1% from the record set in July 2011. For January through July, per-head export value averaged $212.73 – topping last year’s pace by 7%.

 


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