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 million, down 5%. For January through July, export volume was up 4% to 640,888 mt, while value fell 10% to $3.44 billion.
Exports accounted for 14% of total beef production in July and 11% for muscle cuts only – each up about a percentage point 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%.… Continue reading