C. November exports of U.S. pork and beef reached their highest monthly volumes in more than two years, according to results compiled by the U.S. Meat Export Federation (USMEF).
Pork exports totaled 177,203 metric tons valued at $443.4 million – increases of five percent in volume and 15 percent in value over November 2009. For January through November, exports were up two percent in volume (1.73 million metric tons) and ten percent in value ($4.34 billion). The cumulative value total is just four percent below the all-time record pace set in the first eleven months of 2008. For the year, exports accounted for 23.6 percent of production with a per-head value equivalent of $43.61 ($44.80 in November alone). For the same period in 2009, exports equated to 22.5 percent of production with a per-head value of $38.42. In the record export year of 2008, the per-head value was $42.30.
Beef export value in November was $389.5 million, an increase of nearly 50 percent over November 2009. By volume (101,323 metric tons), beef exports exceeded the year-ago level by 32 percent. For the first eleven months of 2010, exports were 18 percent above 2009 in terms of volume (964,369 metric tons) and 30 percent higher by value ($3.67 billion). The value total is about one percent ahead of the 2003 pace when beef exports went on to set a single-year record of $3.86 billion. Exports accounted for 11.6 percent of production with a per-head value equivalent of $150.36 ($178. 20 in November) – up dramatically from the 2009 totals of 9.8 percent and $117.80.
With economies improving throughout the world, U.S. pork and beef were well-positioned for strong growth, said USMEF President and CEO Philip Seng. One had worked through some very difficult economic circumstances in 2009, but was now seeing those persistent marketing efforts pay big dividends as exports were adding more and more value to every animal produced, Seng went on.
Source: U.S. Meat Export Federation (USMEF)