U.S. pork exports set another monthly volume record in November, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF), which helped offset record-high production and provide a significant boost to pork cutout values.
Exports totaled 217,080 t valued at US$597.85 mill. - up 22.5% and 35%, respectively, over November 2010. This boosted the January-November volume total to 2.04 mill. tons (up 18% year-over-year) and the value total to US$5.526 bill (up 27%). This puts U.S. pork export value, which had never reached US$5 bill. before this year, on pace to approach the US$6 bill. mark in 2011.
November beef exports also performed well, reaching 105,268 t valued at US$456.25 mill.
This was steady with the October 2011 volume and up slightly in value. On a year-over-year basis, November exports were up 4% in volume and 17% higher in value from the very strong totals recorded in November 2010. This boosted the January-November export total 22% higher in volume than a year ago to 1.179 mill. t, and up 35% in value to US$4.944 bill. When December results become available, beef export value will eclipse the US$5 bill. mark for the first time ever.
U.S. lamb export value reached US$27.76 mill. through November, up 49% from a year ago and just edging the previous annual record of US$27.75 mill. (set in 2006) with a month remaining in the year.
Lamb exports had already topped their previous high in volume, but strong November results pushed export volume for the year to 16,958 t (up 79% from a year ago). Strong performance in Mexico and Canada accounted for much of this growth, but results have also been solid in Central America, the Middle East and the southeastern Caribbean islands.
Source: U.S. Meat Export Federation (USMEF)