The U.S. Meat Export Federation reports that October was a very strong month for U.S. red meat exports. Beef exports achieved their second-highest value of the year at $375.3 million, surpassed only by June's $377.6 million. Pork export value was third-highest of the year at $407.8 million, trailing only May's $419.3 million and June's $425.3 million. For the first 10 months of 2010, the beef export value was $3.28 billion, surpassing the January-October 2003 total of $3.26 billion. This year's ratio of total U.S. production exported is 11.4%, while the value per steer and heifer slaughtered is $147.62.
As for pork exports, volume is up 2% over 2009 to 1.39 million metric tons but exports posted a 9% increase in value to 3.49 $billion. For the first 10 months of the year, this puts U.S. pork exports just 3.5% behind the all-time record pace of 2008 for export value. The ratio of total U.S. production exported is 23.5%, while the value per hog slaughtered is $43.47.
U.S. lamb exports have fallen 5% in volume to 8,841 metric tons and 25% in value to 17.5 million for the first 10 months of 2010. Mexico is the only bright spot for lamb exports. Exports to Mexico were up about 25% over last year, reaching 3,967 metric tons valued at $7.35 million.
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