USA: Pork exort value increased significantly

Pork exort value increased significantly

Sandra Sieler, si

USA, Denver, Colorado. U.S. red meat exports posted solid results in July, with volumes for both U.S. beef and pork trending higher than a year ago, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef export value was down from last July, but pork export value increased significantly.

July beef export volume increased 8% from a year ago to 99,341 metric tons (mt) – the second-largest monthly total this year – while export value was $526.7 mill., down 5%. For January through July, export volume was up 4% to 640,888 mt, while value fell 10% to $3.44 bn.

Exports accounted for 14% of total beef production in July and 11% for muscle cuts only – each up about 1% from a year ago. For January through July, these ratios were 13% and 10%, respectively, steady with last year. Export value per head of fed slaughter was $263.89 in July, down 5% from a year ago, and $251.82 for January through July, down 13%.

Pork exports reached 180,547 mt in July, up 8% from a year ago, while export value increased 11% to $491.9 mill. For January through July, pork export volume increased 3% to 1.29 million mt, while value was $3.27 bn. – still 2% below last year’s pace.

Japan and South Korea continued to be top performers for U.S. beef in July, driven by strong demand for chilled beef. Exports to Japan climbed 10% to 23,042 mt, while value was steady with last July at $129 mill. Through July, beef exports to Japan were up 12% from a year ago in volume (145,358 mt) and 4% in value ($836.2 mill.). Chilled beef exports to Japan were up 40% to 59,783 mt.

In Korea, July beef exports soared 37% to 16,459 mt, valued at $94.5 mill. (up 27%). For January through July, exports to Korea climbed 23 percent in volume (90,401 mt) and 7% in value ($531 mill.). Chilled beef exports to Korea were up 42% to 12,249 mt.

Chilled U.S. beef is also in high demand in Taiwan, where July exports held relatively steady year-over-year. Through July, exports to Taiwan totaled 20,907 mt (up 3%) valued at $173.2 mill. (down 6%). Chilled exports were up 13% to 8,320 mt and the United States holds more than 65% of the chilled beef market in Taiwan – the highest share of any Asian market.

Highlighting the need for more destinations for beef variety meat, exports to Egypt continued to slump in July – dropping 26 percent from a year ago in volume (6,753 mt) and 50% in value ($6.4 mill.). While Egypt remains a leading destination for beef variety meat, January-July exports to Egypt were down 3% from a year ago in volume (52,136 mt) and 31% in value ($57.3 mill.).

Total U.S. beef variety meat exports increased in July, pushing January-July exports up 6% from a year ago to 185,722 mt, valued at $491 mill. (down 1%). Growth has been led by Japan (27,779 mt, up 29%), Korea (7,442 mt, up 47%), and a slight uptick in Mexico (63,760 mt, up 2%), but also the ability to ship to South Africa, where exports reached 2,386 mt. Variety meat exports also trended higher to Chile and Colombia, and to the Caribbean and ASEAN regions.

Source: U.S. Meat Export Federation


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