USMEF Says October Numbers Continue to Show Progress
Meat export numbers very positive for pork and beef producers.
Compiled by staff
Published: Dec 17, 2008
While the U.S. agriculture community undoubtedly has been feeling the significant effects of the global economic downturn, the export numbers for October continue to show progress over the previous year. Pork exports in particular held up extremely well, posting the third-largest monthly volume on record that equates to a 46% volume increase over exports from October of 2007 and a 55.5% increase in value.
Specifically, pork and pork variety meat exports in October totaled 192,940 metric tons (425.4 million pounds) valued at $487 million - a new record for monthly export value. Export volume increased 18% over the previous month and trails only May and June of 2008 for most pork exported in a single month. For January through October, exports were up 67% to 1.7 million metric tons (3.8 billion pounds), with value surpassing $4.1 billion.
The story for U.S. beef also remains positive. Although smaller than the summer peak, beef plus beef variety meat exports were relatively strong in October, exceeding October 2007 volume levels by 16%. U.S. beef and variety meat exports for the month reached 89,205 metric tons (196.7 million pounds) valued at $348.3 million, exceeding year-ago export value totals by 31.4%. January through October beef exports, including variety meat, increased 31% to 840,121 metric tons (1.8 billion pounds), with value surpassing $3.1 billion, an increase of 43%.
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