Daley Audio on Cutout Results
(Audio with Erin Daley, economist with the U.S. Meat Export Federation)
Audio link:
While pork and beef cutout prices have fallen back from peak levels reached earlier this summer, both remain well above the price level of one year ago. The pork cutout has averaged $80 over the past week – down from a record high of nearly $95 in mid-August, but still well above the $69 level posted at this time last year. Erin Daley, economist with the U.S. Meat Export Federation (USMEF), says that a more detailed analysis of the prices for specific cuts illustrates a very positive price impact from the record-high exports the U.S. pork industry has achieved so far in 2008.
Audio Clip #1: :35 Outcue: “… so far this year. ”
Beef cutout prices tell a similar story. With beef exports in the first half of 2008 reaching their highest level since 2003, the Choicebeef cutout price – which has averaged $161 over the past week – remains about 10 percent above last year’s level. Daley says these results come at a time when beef cuts typically destined for export markets have shown the greatest strength, while demand has been softer for domestically consumed cuts.
Audio Clip #2: :21 Outcue: “… tight global beef supplies.”
# # #
The U.S. Meat Export Federation ( www.USMEF.org) is the trade association responsible for developing international markets for the U.S. red meat industry and is funded by USDA, exporting companies, and the beef, pork, corn and soybean checkoff programs.) is the trade association responsible for developing international markets for the U.S. red meat industry and is funded by USDA, exporting companies, and the beef, pork, corn and soybean checkoff programs.
(Audio with Erin Daley, economist with the U.S. Meat Export Federation)
Audio link:
While pork and beef cutout prices have fallen back from peak levels reached earlier this summer, both remain well above the price level of one year ago. The pork cutout has averaged $80 over the past week – down from a record high of nearly $95 in mid-August, but still well above the $69 level posted at this time last year. Erin Daley, economist with the U.S. Meat Export Federation (USMEF), says that a more detailed analysis of the prices for specific cuts illustrates a very positive price impact from the record-high exports the U.S. pork industry has achieved so far in 2008.
Audio Clip #1: :35 Outcue: “… so far this year. ”
Beef cutout prices tell a similar story. With beef exports in the first half of 2008 reaching their highest level since 2003, the Choicebeef cutout price – which has averaged $161 over the past week – remains about 10 percent above last year’s level. Daley says these results come at a time when beef cuts typically destined for export markets have shown the greatest strength, while demand has been softer for domestically consumed cuts.
Audio Clip #2: :21 Outcue: “… tight global beef supplies.”
# # #
The U.S. Meat Export Federation ( www.USMEF.org) is the trade association responsible for developing international markets for the U.S. red meat industry and is funded by USDA, exporting companies, and the beef, pork, corn and soybean checkoff programs.) is the trade association responsible for developing international markets for the U.S. red meat industry and is funded by USDA, exporting companies, and the beef, pork, corn and soybean checkoff programs.