July was another very strong month for U.S. beef and pork exports, as beef exports set a new value record of more than $513 million and pork exports topped $480 million. Both stayed on pace to set new annual value records in 2011 and break the $5 billion mark for the first time ever. A complete summary of the July statistics is available online.
U.S. Meat Export Federation (USMEF) President and CEO Philip Seng was particularly excited about the export value per head slaughtered in July, which reached nearly $237 for fed steers and heifers, and almost $60 per hog. Seng also discussed the percentage of total production being exported, which approached 29 percent for pork and 16 percent for beef.
Some individual markets also stood out in July, including a new beef export value record to Canada of more than $131 million. On the pork side, Japan has already surpassed the $1 billion mark for the seventh consecutive year and continues to be a remarkable mainstay market for U.S. pork. South Korea and China are also performing extremely well, helping to keep U.S. pork exports on a torrid pace.