USA, Denver, CO. US pork exports showed modest improvement in September while beef exports endured the most difficult month in some time, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF).
September pork export volume was up 6% from a year ago to 172,012 t. Export value was $456.1 mill., down 11% year-over-year but the highest since May. Pork exports through the first nine months of the year declined 4% in volume (1.58 mill. t) and 17% in value ($4.21 bn.) compared to January–September 2014.
Pork export value per head slaughtered was $46.90 in September, down $11.21 from last year. For January through September, per head value was down $15 to $49.45. January–September exports accounted for just over 24% of total pork production and nearly 21% for muscle cuts only – down from 27% and 23%, respectively, during the first nine months of 2014.
Exports to Mexico, the leading volume destination for US pork, fell slightly in volume in September but climbed 5% through the first nine months of the year to 529,798 t, while export value fell 20% to $932.6 mill.
Other pork export highlights include:
• September exports to Canada were the largest of 2015, though January–September volume was still down 5% to 148,669 t and value was 13% lower at $589.9 mill.
• Central/South America took 89,712 t through September, up 4% from a year ago, as growth to Honduras and Chile offset smaller volumes to Colombia. Export value to the region fell 6% to $226.1 million.
• January–September exports to South Korea were up 34% in volume (129,314 t) and 23% in value ($373.8 mill.), though the market cooled in September, falling below last year’s monthly volumes for the first time in 2015.
• Japan remains the leading value market for US pork, despite January–September value declining 18% year-over-year to $1.23 bn. Export volume to Japan was down 12% to 314,760 t.
Beef export volume fell 21% from a year ago in September to 79,474 t and value was down 28% to $456.6 mill. – the lowest since January. For the first nine months of 2015, exports were down 12% in volume (782,705 t) and 8% in value ($4.8 bn.).
Beef export value in September equated to $233.80 per head of fed slaughter – down nearly $80 from a year ago. For January through September, per-head value was $280.46 – down $6.36 from the same period last year. Exports equated to 13% of total beef production and 10% for muscle cuts only – both down 1%-point from the first nine months of last year.
September exports to leading market Japan fell 34% in volume (15,386 t) and 36% in value ($99.7 mill.) from a year ago. For the first nine months of the year, exports to Japan were down 12% in volume (161,961 t) and 14% in value (just over $1 bn.).
Other notable results for beef exports include:
• September exports to Korea were the lowest since January, but January–September volume was still up 9% to 92,577 t, while value was 4% higher at $612.9 mill.
• Exports to Taiwan were also below year-ago levels in September but still up 5% in volume (26,772 t) and 12% in value ($241.3 mill.) for the first nine months of the year.
• January–September exports to Mexico totaled 161,356 t (down 10% year-over-year), valued at $808.4 mill. (down 6%).
• September exports to Hong Kong rebounded somewhat from low summer totals but results for the first nine months of the year were down 26% in both volume (78,612 t) and value ($565.1 mill.) from a year ago.
For January through September, US lamb exports fell 17% in volume to 6,714 t year-over-year and were down 32% in value to $14.3 mill. Exports expanded to the Middle East – up 49% in volume to 271 t and 2% in value to $874,000 – but declined to Mexico, Canada and the Caribbean.