Beef, pork exports continue to exceed 2007 pace

by Editor
Thursday, January 22, 2009

Red meat exports continued their strong pace through November, with pork up 20% and beef up 9% (including variety meat) compared to November 2007.

For the first 11 months of 2008, pork and pork variety meat exports were 61% larger than 2007, nearing the 2 million metric ton mark (1,898,698 metric tons). 2008 pork exports through 11 months were valued at $4.5 billion, an increase of 59%.

The story for U.S. beef exports also remains positive. January through November beef exports were up 37% to 582,270 metric tons with variety meat exports up 18% to 331,479 metric tons. Total beef exports of 913,739 metric tons were up 29% and valued at $3.37 billion, an increase of 40%. 2008 beef exports are on pace to reach 94% of the 2003 export value.

Despite the slowing of global trade in all products, pork exports from the major suppliers, the European Union (EU), the U.S. and Canada, remained fairly steady from September through November. Pork exports from Brazil, however, declined by 50% in November, and its beef exports fell 35% compared to November 2007. Reduced exports to Russia and Hong Kong account for most of the decline. Australia’s beef exports remained strong from September through November, largely due to an increase in exports to the United States, with U.S. import demand stimulated by the strengthening U.S. dollar.