2010 US beef, pork exports head for strong finish
Jan. 19, 2011
by Bryan Salvage
DENVER – November results for US beef and pork exports indicated both industries are headed for a very strong finish to 2010. US Meat Export Federation Economist Erin Daley projects when December's results are final, 2010 beef exports should eclipse the all-time value record ($3.86 billion) set in 2003 by reaching $3.95 billion. Pork exports, which are expected to reach $4.7 billion, will fall just short of the 2008 value record of $4.88 billion but have already set new records in several key foreign markets.
“Looking at our exports through November being incredibly strong and looking most likely to crush that 2003 all-time record, I am expecting exports to total for the year somewhere around $3.95 billion , which would be up 28% from 2009 and up roughly 2% from the 2003 record,” she said. “For beef exports, that group has been essentially [been up] across the board with the one exception of Mexico, which is still our top market. But luckily, even Mexico seemed to turn around in October and especially in November moving those year over year numbers.”
Daley said pork exports will fall just short of the 2008 value record of $4.88 billion, but have already set new records in several key foreign markets.
“On the pork side, we have also seen very good performances during the year and expect year end to come in somewhere around $4.7 billion, which will be up 9% to 10% from year ago and just short of the 2008 record by roughly within 4%,” she said. “Even though 2008 is still the total record, we set value records in numerous markets on the pork side this year, including Mexico, Canada the ASEAN region, the Caribbean, Central and South America, Australia and New Zealand.” We continue to see growth around the world and the US will continue to be the largest supplier.”