The U.S. Meat Export Federation reports that July was another very strong month for U.S. beef and pork exports. Based on statistics released by USDA, both are on pace to set new export value records in 2011 and to eclipse the 5-billion dollar mark for the first time ever.
Beef exports set a new value record in July of 513.1-million dollars, on a volume of 120,424 metric tons. For the first seven months of the year, exports were valued at nearly 3.1- billion dollars – an increase of 40 percent over last year’s pace. For the year, beef exports equated to 14.2 percent of production with a value of $198.67 per head of fed slaughter.
July pork exports totaled 169,547 metric tons valued at 480.06-million dollars – an increase of 16 percent in volume and 24 percent in value. This pushed the 2011 total to 1.25 million metric tons valued at 3.3-billion – increases of 14 percent and 20 percent, respectively, over last year. For the year, pork exports equated to 27.3 percent of production with a per head value of $53.63.
July lamb exports nearly tripled in volume, 2,037 metric tons, over last year and increased 83 percent in value to just over 3-million dollars. For the year, export volume is up 72 percent and value is up 37 percent to 18.5-million dollars. Mexico, Canada and the Caribbean continue to be the mainstay markets for U.S. lamb.
USMEF President and CEO Philip Seng says these strong export numbers are – a testament to the commitment U.S. producers and exporters have made to the international markets. Despite market access restrictions, high tariffs and other trade barriers, the investments we are making in foreign markets are paying tremendous dividends.