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July U.S. pork exports slow, beef exports steady
Story Date: 9/17/2012
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Source: Tom Johnston, MEATINGPLACE, 9/14/12
U.S. pork exports in July dipped from the year-ago period and beef exports, while moderately lower in volume, achieved their largest monthly total of 2012 and held steady in value, according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF).
July pork exports totaled 164,720 metric tons, down nearly 3 percent from a year ago and the smallest volume since October 2010. Pork export value was also down less than 3 percent to $467.4 million.
Nonetheless, year-to-date exports through July remained very strong – 4 percent above last year’s record pace in volume (1.3 million metric tons) and 11 percent higher in value ($3.63 billion).
Pork export value per head slaughtered in July fell to $56.04 from $58.84 a year ago. But year to date export value per head increased about 8 percent to $57.56. Exports represented 23 percent of July production for muscle cuts and 26.5 percent when including variety meat. For January through July, these ratios were 24 percent and 27.5 percent, respectively.
While July beef export volume (108,971 metric tons) was 9.5 percent lower than a year ago, it was the largest monthly volume of 2012 and up 16 percent from June. Export value in July ($513.5 million) was slightly higher than a year ago and up 11 percent from June. Year-to-date exports remained 11 percent below the record pace of 2011 in volume (659,433 metric tons) but increased 4 percent in value to $3.17 billion.
July beef exports equated to 11 percent of production for muscle cuts and 14.3 percent when including variety meat. The respective ratios for January through July were 9.8 percent and 12.8 percent. Beef export value per head of fed slaughter totaled $235.18 in July – down less than 1 percent from the record set in July 2011. For January through July, per-head export value averaged $212.73 – topping last year’s pace by 7 percent.
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