US - September was another solid month for US red meat exports, with pork, beef and lamb totals well above year-ago levels, according to statistics released by USDA and compiled by the US Meat Export Federation (USMEF).
September beef export volume was 101,224 metric tons (mt) – down slightly from August, but 27 per cent above last September. Export value was up 17 per cent. For January through to September, export volume was 8 per cent above last year’s pace, but with export value down 5 per cent from a year ago.
“Red meat exports continued to build positive momentum in September, and it couldn’t come at a better time,” said Philip Seng, USMEF president and CEO.
“We have large supplies of pork and beef hitting the market and moving these higher volumes is certainly a challenge. But this is also presenting expanded opportunities in the international markets, as we are able to introduce new cuts and value-added products, and recapture market share from our key competitors.”
Mr Seng noted that while the upward trend in export volume is encouraging, it is also critical that exports contribute to carcass value and deliver returns for the entire supply chain. For example, per-unit values for pork exports have trended higher since June, and chilled beef exports to Asia are performing exceptionally well this year.
September exports of US lamb totalled 740 mt, up 19 per cent from last year’s low volume, while export value was $1.68 million – up 26 per cent from a year ago and matching the highest monthly value of 2016.
Exports to leading market Mexico edged higher in September and it was also a strong month for exports to the Bahamas, Canada and the Philippines. For January through September, lamb exports were 3 per cent below last year’s pace in volume (6,520 mt) and down 7 per cent in value ($13.4 million).
TheSheepSite News Desk