US Meat US beef and pork exports strong in August
August beef export volume climbed 27% from a year ago to 106,818 t – the highest since October 2014, breaking the 100,000 t mark for the first time this year. Export value was $566.8 mill., up 14%. For January through August, export volume was up 6% to 747,706 t, while value was down 7% to just over $4 bn.
Exports accounted for 13.5% of total beef production in August and 10% for muscle cuts only – each up about 1 percentage point from a year ago. For January through August, these ratios were roughly steady with last year at 13% and 10%, respectively. Export value per head of fed slaughter was $256.73 in August, down 4% from a year ago, and $252.50 for January through August, down 12%.
Pork exports were up 16% from a year ago to 186,689 t, the largest volume ever posted in August. Export value was up 19% to $512.76 mill. For January through August, pork export volume was 1.48 mill. t, up 5% from the same period last year. Export value moved 1% ahead of last year’s pace at $3.78 bn.
With August pork production at the largest level so far this year and record-large for the month of August, exports accounted for 24% of total production and 20% for muscle cuts only – up slightly from a year ago. For January through August, exports accounted for 25% of total pork production and 21% for muscle cuts, roughly steady with last year. Export value per head slaughtered was $49.36 in August, up 7% from a year ago and exceeding last year’s average for the third consecutive month. For the first eight months of the year, per-head value averaged $49.37, down 1%.
Variety meat exports provided a strong boost to the August totals for both beef and pork. Beef variety meat exports were up 25% from a year ago in volume (to 31,582 t) and 28% in value (to $85.8 mill.). Pork variety meat exports were 44,563 t valued at $88.2 mill. – up 44% and 51%, respectively.