Beef and pork exports through July fell behind last year’s pace, but all things considered, things are not as bad as they might seem.
The U.S. Meat Export Federation reports that January through July exports of
The most recent statistics show beef exports of 1.13 billion pounds valued at $1.944 billion, 6 percent below last year’s volume and 10 percent lower in value. USMEF notes, though, that the difference is primarily due to a very sluggish global market for beef variety meat. Beef muscle cut exports of 745.6 million pounds are actually slightly above last year’s volume, while trailing in value by only 2 percent.
Pork exports during the same period totaled 2.38 billion pounds valued at $2.53 billion. While these totals are a respective 10 percent and 9 percent below last year’s record-shattering pace, they are still 53 percent higher in volume and 48 percent higher in value than in January-July 2007.
Slow demand in
“These results are disappointing, because our recent record of success in Mexico and Canada has been critical to the profitability of U.S. cattlemen,” said USMEF Chairman-elect Jim Peterson, a cattle producer from Buffalo, Mont. “We need to see better demand for U.S. beef in these markets, and hopefully the recent strengthening of the peso and especially the Canadian dollar will drive some improvement in the coming months.”
January-July exports to
In terms of total
More information is available from USMEF.