May Strongest Month Yet for Beef Exports

July 12, 2012 06:31 AM

According to data from USDA compiled by the U.S. Meat Export Federation, May was the strongest month of the year for U.S. beef exports, with 95,211 metric tons (MT) shipped, although this is down 13% from a year-ago. For the first five months of the year, beef exports are down 10% from year-ago in terms of volume, but up 5% in terms of value.

U.S. pork exports in May continued strong, up 3% from year-ago in terms of volume at 186,809 MT and 9% higher in terms of value. For the first five months of the year, pork exports are 6% ahead of last year's record pace and 15% higher in terms of value.

Link to additional details from USMEF.

USMEF officials say there was no major fallout following the April 24 announcement of the fourth BSE case in the United States, as May was the first month in which any BSE-related decline could be detected in export statistics. May beef exports did not reveal a major impact, though global totals were likely affected to some degree by the market closure in Saudi Arabia and negative media coverage in some Asian markets, it says.





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