U.S. Pork Export Market Sets New Record – Beef Continues Rebound | The Bos...

U.S. Pork Export Market Sets New Record – Beef Continues Rebound

The Boston Red Sox have won two World Series championships in the past four years.  The New England Patriots have won three Super Bowls in the past seven years.  When it comes to success, both could take a lesson from the U.S. pork industry, which achieved its 16th consecutive record-setting year of exports in 2007, according to statistics compiled by the U.S. Meat Export Federation.

Both the U.S. pork and beef industries had outstanding export years in 2007, with beef continuing to rebound from selected market closings that have affected exports since the 2003 discovery of BSE (mad-cow disease) in the United States.

Pork

Overall, pork exports increased 3 percent in volume over 2006, surpassing 1.3 million metric tons (nearly 2.9 billion pounds).  The value of those exports jumped 10 percent over 2006, exceeding $3.15 billion.  Pork muscle cut exports also increased 3 percent in volume and 10 percent in value while pork variety meat exports increased 5 percent in volume and 14 percent in value.

Japan remains the top destination for U.S. pork, accounting for 36 percent of value of all U.S. pork exports.  Japan imported 358,582 metric tons (more than 790 million pounds) of pork in 2007, a 6 percent increase over the prior year.  Those imports were valued at $1.152 billion, an 11 percent jump over 2006.

Members can read full details of U.S. pork exports in 2007 in an online USMEF News Release. 

Beef

U.S. beef exports were impressive in 2007 as well, increasing 24 percent to 464,301 metric tons (just over 1 billion pounds) and 32 percent in value to more than $2 billion. Beef variety meat exports increased 9 percent to 306,895 metric tons (676.6 million pounds) and 18 percent in value to $613 million. Combined beef and beef variety meat exports increased 18 percent to 771,196 metric tons (1.7 billion pounds) and 28 percent in value to $2.617 billion.

According to Daley, growth in exports to Canada, Japan, Korea and the ASEAN contributed to the overall increase despite some remaining market access issues and a 3 percent decline in exports to the largest market, Mexico.   Beef plus beef variety meat exports to Mexico increased 1 percent in value to $1.185 billion but declined 3 percent in volume to 359,452 metric tons (792.4 million pounds).

Members can read full details of U.S. beef exports in 2007 in an online USMEF News Release. 

Over the coming week, USMEF will provide analysis of key statistics and trends from USDA’s recent 10-year forecast for beef and pork imports and exports.  That four-part series will begin Friday, Feb. 15.

U.S. Pork Export Market Sets New Record – Beef Continues Rebound

The Boston Red Sox have won two World Series championships in the past four years.  The New England Patriots have won three Super Bowls in the past seven years.  When it comes to success, both could take a lesson from the U.S. pork industry, which achieved its 16th consecutive record-setting year of exports in 2007, according to statistics compiled by the U.S. Meat Export Federation.

Both the U.S. pork and beef industries had outstanding export years in 2007, with beef continuing to rebound from selected market closings that have affected exports since the 2003 discovery of BSE (mad-cow disease) in the United States.

Pork

Overall, pork exports increased 3 percent in volume over 2006, surpassing 1.3 million metric tons (nearly 2.9 billion pounds).  The value of those exports jumped 10 percent over 2006, exceeding $3.15 billion.  Pork muscle cut exports also increased 3 percent in volume and 10 percent in value while pork variety meat exports increased 5 percent in volume and 14 percent in value.

Japan remains the top destination for U.S. pork, accounting for 36 percent of value of all U.S. pork exports.  Japan imported 358,582 metric tons (more than 790 million pounds) of pork in 2007, a 6 percent increase over the prior year.  Those imports were valued at $1.152 billion, an 11 percent jump over 2006.

Members can read full details of U.S. pork exports in 2007 in an online USMEF News Release. 

Beef

U.S. beef exports were impressive in 2007 as well, increasing 24 percent to 464,301 metric tons (just over 1 billion pounds) and 32 percent in value to more than $2 billion. Beef variety meat exports increased 9 percent to 306,895 metric tons (676.6 million pounds) and 18 percent in value to $613 million. Combined beef and beef variety meat exports increased 18 percent to 771,196 metric tons (1.7 billion pounds) and 28 percent in value to $2.617 billion.

According to Daley, growth in exports to Canada, Japan, Korea and the ASEAN contributed to the overall increase despite some remaining market access issues and a 3 percent decline in exports to the largest market, Mexico.   Beef plus beef variety meat exports to Mexico increased 1 percent in value to $1.185 billion but declined 3 percent in volume to 359,452 metric tons (792.4 million pounds).

Members can read full details of U.S. beef exports in 2007 in an online USMEF News Release. 

Over the coming week, USMEF will provide analysis of key statistics and trends from USDA’s recent 10-year forecast for beef and pork imports and exports.  That four-part series will begin Friday, Feb. 15.