U.S. pork exports set new monthly records in October, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF), reaching 218,132 metric tons (mt) valued at $607 million. Export volume was 9 percent above last year and broke the previous monthly record of 217,080 mt set in November 2011.
Export value exceeded $600 million for the first time, breaking the previous high ($597.85 million, also from November 2011) by 1.5 percent.
For January through October, U.S. pork exports were 3 percent ahead of last year’s record pace in volume (1.875 million mt) and 6 percent higher in value ($5.24 billion).
October pork exports accounted for 23 percent of muscle cut production and 27.4 percent when including variety meat. For January-October, these ratios were 23.6 percent and 27 percent, respectively. This was slightly higher than last year for muscle cuts (22.9 percent) and steady with last year’s percentage of total production exported. On a per-head-of-slaughter basis, October exports equated to $55.95 (compared to $57.93 in October 2011). For January through October, the per-head average increased 3.5 percent from a year ago to $56.14.
Wednesday December 12, 2012/ USMEF/ United States.