Northern Ag Network
Northern Ag Network
Northern Broadcasting System    Northern News Network    Northern Sports Network
Search This Site...
Search This Site...

Featured Stories

Momentum Continues for Red Meat Exports

Momentum Continues for Red Meat Exports

7/11/2017 3:11:00 PM/Categories: Popular Posts, Livestock, Livestock Markets, Cattle, National News, International

U.S. beef and pork exports had a strong month of May, increasing significantly from April as well as from 2016 levels. 

USDA statistics compiled by the U.S. Meat Export Federation show May beef exports were six percent higher than last year, coming in at 105,321 metric tons. The retail value was nine percent higher at just over $582 million dollars. From January through May, beef exports were 12 percent higher in volume and up 16 percent in value compared to 2016. Beef exports accounted for 13 percent of total U.S. beef production.

Exports accounted for 13 percent of total U.S. beef production in May and 10 percent for muscle cuts only – each down one percentage point from a year ago. Through May, these ratios were steady with last year’s pace – 12.8 percent for total production and 10 percent for muscle cuts. Export value per head of fed slaughter averaged $265.55 in May, matching the average from a year ago. Through May, per-head export value averaged $270.27, up 8 percent. Beef export prices are also increasing, especially in key Asian markets, with double-digit increases in Japan and Korea in May illustrating the strong demand for U.S. beef.

May was a particularly strong month for variety meat exports, with pork variety meat volume climbing 16 percent to 47,766 mt (a record high for May), and value up 33 percent to $102.7 million. Beef variety meat exports reached 2017 highs in both volume (30,173 mt, up 12 percent) and value ($77.7 million, up 10 percent).

“2017 is shaping up as a very solid year for U.S. pork and beef exports, but we remain in an extremely competitive situation in each of our key markets,” said Philip Seng, USMEF president and CEO. “That’s why it is so important to capitalize on every opportunity to increase carcass value, and this is where variety meat plays an important role. USMEF has been working with our industry partners to expand the range of variety meat product offerings and diversify their destinations, and those efforts are paying important dividends for producers.”

Pork exports reached more than 222,000 metric tons. That’s an 11 percent year-over-year increase and the fourth largest monthly volume on record. Pork exports were valued at more than $583 million, up 16 percent. From January through May, exports were 14 percent higher than last year and 18 percent higher in value. Even with higher pork production, exports accounted for a larger share in 2017. May pork exports accounted for 29.4 percent of total production. 

Click Here for the Full Report

Picture: Drovers

USMEF and NAFB

 
Print
Tags:

Leave a comment

Name:
Email:
Comment:
CAPTCHA image
Enter the code shown above in the box below
Add comment

Name:
Email:
Subject:
Message:
x

Recent Ag News

Thanksgiving Special-The Farmer's Share

11/23/2017 10:09:00 AM
The National Farmers Union and the American Farm Bureau Federation say that consumers are paying less and farmers are receiving less for this year’s Thanksgiving Day dinner.  >> Read More
Article rating: No rating

Montana Made Food for Thanksgiving

11/23/2017 12:04:00 AM
With another Thanksgiving and Holiday Season upon us, this year let delicious food produced by Montana farmers and ranchers be part of your holiday menu. >> Read More
Article rating: No rating

Trump Spares Turkeys and Jokes He Can't Overturn Obama's Pardons

11/22/2017 5:00:00 AM
President Donald Trump on Tuesday pardoned a turkey named Drumstick and jokingly bemoaned that his lawyers wouldn’t let him overturn the clemency former President Barack Obama granted to a pair of birds named Tater and Tot ahead of Thanksgiving last year. >> Read More
Article rating: No rating

Sugar Policy Modernization Act Bad for U.S. Sugar Growers

11/21/2017 2:57:00 PM
Amendments designed to gut no-cost U.S. sugar policy were rejected three times on the Senate floor, two times on the House floor, and twice at the Committee level during the 2014 Farm Bill debate.  Now, backers of those defeated amendments are dusting them off for another run. >> Read More
Article rating: No rating

Livestock Transportation Rules Delayed

11/20/2017 1:19:00 PM
The Electronic Logging Device (ELD) enforcement deadline for agricultural haulers is delayed by 90 days! >> Read More
Article rating: No rating
RSS

Find Articles by Date

«November 2017»
MonTueWedThuFriSatSun
2345
69101112
171819
20212223242526
27282930123
45678910