Beef Export Value Remained Strong in July; Pork Exports Below Year-Ago
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July exports of U.S. beef climbed 6% year-over-year in value while volume was steady, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). USMEF President and CEO Dan Halstrom notes that although restrictions related to a finding of pseudorabies virus (PRV) were removed in mid-to-late July, pork exports – especially pork variety meats – were still significantly impacted, which contributed to July results trending lower than a year ago.
Beef exports totaled 89,139 metric tons (mt), steady with last July, while value was 6% higher at $796.7 million. The value increase was driven primarily by another outstanding month for Taiwan, as well as strong results in Mexico, Japan, the Middle East, Colombia, the Caribbean and the ASEAN region. July shipments to China rebounded slightly from last year’s minimal volumes, but remained far below the levels seen in previous years. Beef export value equated to just over $421 per head of fed slaughter in July, up 14% from a year ago. The January-July average was up 7% to $430.25 per head. For January through July, beef exports were 8% below last year’s pace at 634,788 mt, while value was down 2% to $5.53 billion. When excluding China from these results, exports increased 6% in value and were down just 1% in volume from a year ago.
July pork exports totaled 224,305 mt, down 6% from a year ago, while value also fell 6% to $641.8 million. Halstrom notes that July was another strong month for pork exports to Japan, highlighted by expanded merchandising opportunities for U.S. pork loin. Shipments also increased to Central America, Colombia and Canada in July, but these results were offset by lower exports to Mexico, China, South Korea, Oceania and the ASEAN region. Pork export value equated to $62.53 per head slaughtered in July, down from a year ago but $3 higher than in June. For January through July, export value equated to just over $66 per head, up slightly from a year ago.
Through the first seven months of the year, pork exports remained 2% above last year’s pace at 1.73 million mt, valued at $4.86 billion (up 1%).
A detailed summary of the January-July export results for U.S. pork, beef and lamb, including market-specific highlights, is available from the USMEF website.