Beef and Pork exports both broke the $5 billion mark for the first three quarters of the year in September. The U.S Meat Export Federation announced this week beef exports for September increased six percent from last year and Pork exports were up seven percent in value, but declined three percent in volume. Pork exports for the month of September were worth $513 million, according to USDA. Since the beginning of the year, the value of pork exports has increased 14 percent. Beef exports for the month were worth $631 million, up 15 percent since the beginning of the year. USMEF President and CEO Philip Seng stated “These are impressive results, especially given the headwinds we faced in September – including a very strong U.S. dollar, a significant decline in beef production and our first full month of dealing with Russia’s retaliatory import ban.
U.S. beef and pork exports first passed the $5 billion mark just three years ago, according to USMEF. With herd rebuilding gaining traction in the U.S. beef industry, fed slaughter numbers have trended lower. Exports equated to 14 percent of total beef production and 11 percent for muscle cuts only. Mexico, which is the leading volume destination for U.S. pork, continued to perform very well in September – with exports up 17 percent for the first nine months of the year.
Source: NAFB News Srvice