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U.S. beef exports slow on volume, up slightly on value
Story Date: 1/15/2013
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Source: Chris Scott, MEATINGPLACE, 1/14/13
U.S. beef exports in the first 11 months of 2012 slid by 2.3 billion pounds, or 12 percent in volume, compared to year ago record levels, according to USDA statistics analyzed by the U.S. Meat Export Federation (USMEF).
Beef export dollar value, however, rose by more than $4.4 billion, a 2 percent increase, as tight beef supplies continue to boost prices.
The slide in beef export volume comes despite significant increases to specific geographical areas, including China (up 169 percent), Chile (up 155 percent) and Peru (up 84 percent).
The largest declines in volume came from New Zealand (down 80 percent), Singapore (down 58 percent), Kuwait (down 48 percent) and Taiwan (down 48 percent).
In terms of dollar value, Premium markets like Japan were up 21 percent to $849 million, as was Canada, rising 13 percent to more than $1 billion. These gains came despite flat volume growth for Japan from 2011 levels and a decline of 7 percent for Canada.
Other significant increases in the value of exported U.S. beef were also seen in Hong Kong (up 41 percent), Australia (up 16 percent) and Russia (up 21 percent).
Specific figures on U.S. beef exports are available through the USMEF here.
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