USMEF: China, Mexico help drive torrid red meat export pace

Led by a record-breaking month for pork exports to China and the continued rebound of beef exports to Mexico, 2011 remains on pace to set new annual records for the value of beef, pork and lamb exports,

Friday 11 November 2011 (6 years 5 months 11 days ago)

USMEFLed by a record-breaking month for pork exports to China and the continued rebound of beef exports to Mexico, 2011 remains on pace to set new annual records for the value of beef, pork and lamb exports, according to statistics released by the USDA and compiled by the U.S. Meat Export Federation (USMEF).

September results show pork exports up 23.6 percent in volume and 40.5 percent in value from last year while beef exports rose 27.3 percent in volume and 35.9 percent in value. Not to be left out, U.S. lamb exports soared 113 percent in volume over September of 2010 while the value of those exports jumped 83.9 percent.

“This year has presented opportunities for the U.S. red meat industry to expand exports, and the industry has worked aggressively to capitalize on those opportunities,” said Philip Seng, USMEF president and CEO. “The premiums that international buyers pay for U.S. beef, pork and lamb are critical to the bottom line of U.S. producers.”

On the pork side of the industry, September exports equated to 26 percent of total U.S. pork and pork variety meat production and those exports were valued at $56 per head – solid increases from September 2010 totals of 22 percent of production and $40.87 per head.

For beef, September exports accounted for 14.4 percent of total beef and beef variety meat production and $212.64 in value per head of fed cattle, up from 11 percent of production and $151 in value per head last year.

Pork exports

Like their beef and lamb counterparts, pork exports remain on a record-setting pace and, like beef, are on track to eclipse $5 billion in value for the year for the first time on record. For the month, the U.S. exported 183,495 metric tons of pork valued at $537.6 million, which trails only March of 2011 as the second-highest monthly export value on record.

For the year, the U.S. has exported more than 1.6 million metric tons of pork valued at nearly $4.4 billion, increases of 16 percent and 25 percent, respectively, over the first nine months of 2010.

Pork exports were led by China/Hong Kong, which bought 47,180 metric tons of product, up 64 percent from last year. The 39,020 metric tons purchased by China was a new monthly record, up 92 percent from last year. The value of the exports to China/Hong Kong was $101.7 million, a 129 percent jump from last year.

Japan remains the leader in value of U.S. pork exports. September’s totals were 38,689 metric tons valued at $166.2 million, increases of 23 percent in volume and 32 percent in value over last year.

Mexico continues to be the volume leader in pork, importing 41,666 metric tons (7 percent increase) valued at $87 million (18 percent increase).

Pork exports to South Korea grew 82.3 percent in volume and 153.6 percent in value versus year-ago levels, although the pace has slowed somewhat from earlier in the year.

Japan and South Korea are two of the markets that USMEF has aggressively targeted in a campaign to raise the visibility of the U.S. pork butt, a cut identified by U.S. exporters as one that has been undervalued.

“We are seeing a very positive response in Japan and Korea, as well as the Caribbean, China, Singapore and some other markets where we’ve worked with the food service and retail sectors to help educate them on the taste and value of the pork butt,” said Seng. “Since the pork butt is one of the top two or three cuts we export to these markets, raising the value of those exports is important for returning higher values to producers.”

Canada was another positive market for U.S. pork in September, reaching record-large volumes (20,034 metric tons) valued at $75.6 million, increases of 31 percent in volume and 42.3 percent in value.

November, 10, 2011 - USMEF

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