U.S. red meat exports continue upward climb

Share This:

DENVER — Seeing that pork was up 20% and beef increased 9% (including variety meat) for November 2008 compared to November 2007, U.S. red-meat exports continued their strong growth pace, according to the U.S. Meat Export Federation.

Pork and pork variety meat exports for the first 11 months of 2008 were 61% larger than 2007, approaching the 2 million metric ton mark (1,898,698 metric tons or 4.18 billion pounds). Pork exports from January through November 2008 months were valued at $4.5 billion, an increase of 59%.

Meanwhile, January through November U.S. beef exports increased 37% to 582,270 metric tons (1.28 billion pounds) with variety meat exports up 18% to 331,479 metric tons (730.8 million pounds). Total beef exports of 913,739 metric tons (2.01 billion pounds) were up 29% and valued at $3.37 billion, an increase of 40%. Beef exports for 2008 are on pace to reach 94% of the 2003 export value.

"As currencies and prices stabilize, inventories will decline and demand for U.S. red meat will likely continue at a relatively strong level," said Erin Daley, USMEF economist.

Pork and pork variety meat exports for the first 11 months of 2008 accounted for approximately 25% of production, with export value equating to $43 per head slaughtered compared to less than $30 per head during the same period in 2007, Ms. Daley said.

Approximately 11% of U.S. beef and beef variety meat production was exported in January through November 2008. Export value equated to $134.83 per head of steer and heifer slaughter. In 2003, approximately 13% of production was exported, with exports equating to $136.46 per head.

To post your comments on this story, click here: meatpoultry@sosland.com.

Comment on this Article
We welcome your thoughtful comments. Please comply with our Community rules.



The views expressed in the comments section of Meat and Poultry News do not reflect those of Meat and Poultry News or its parent company, Sosland Publishing Co., Kansas City, Mo. Concern regarding a specific comment may be registered with the Editor by clicking the Report Abuse link.