U.S. Pork Exports on Pace for a 2012 Record

January 14, 2013 04:34 AM
 

U.S. pork exports for the first 11 months of 2012 remain ahead of the record-setting pace of 2011, according to U.S. Meat Export Federation's (USMEF) analysis of USDA statistics. Pork exports through November remain ahead of 2011 levels by 2% in volume (2.076 MMT) and 5% in value ($5.8 billion).

For the month of November, pork exports declined 7.7% in terms of volume and 5.4% in terms of value compared to year-ago. However, USMEF points out that November 2011 ranks as the second-best month in history (behind October 2012) for U.S. pork exports.

The value of beef exports are still slightly above 2011 record levels, according to USMEF analysis of USDA data. "With U.S. production declining in 2012, beef exports fell a modest 1% in value on a 13.3% drop in volume in November. For the year, volumes are down 11% (1.043 MMT) but the value of those exports is $5.05 billion - still 2% above the record-setting value pace of 2011," USMEF elaborates.

"Volume has been an issue for beef exports all year," noted USMEF President and CEO Philip Seng. "That continued in November, but an appreciated value of those products has helped the industry hold its own in a challenging year," Seng continued.

Read the full release here.

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