Beef Buzz News
Drop in Sales to Mexico Leads US Beef Exports Lower
Fri, 20 Nov 2009 17:03:34 CST
September beef plus beef variety meat exports were down 25% in volume and 34% in value from September 2008, according to a report by USMEF. The cumulative total for the first nine months of the year came to 660,459 metric tons (mt.), valued at $2.28 billion. Those figures are 12% below last year's pace in volume and 17% lower in value.
USMEF says much of the decline is attributable to the weak global market for beef variety meat, as January-September variety meat exports of 214,717 mt., valued at $378 million, trail last year's totals by 22% in volume and 39% in value. Muscle cut exports have fared better, but still trail their 2008 pace by 6% in volume and 11% in value.
On the good news side, beef exports to Japan (69,945 mt., valued at nearly $360 million) are 22% higher in volume and 21% higher in value than last year. September exports continued to outperform 2008, but at a slightly slower pace due to the seasonal decline in availability of harvest-ready cattle under 21 months of age.
Other markets showing encouraging signs are South Korea, Taiwan, Hong Kong and Vietnam. However, good news in those countries is offset by declines in Mexico, Canada and Russia.
We look at the issues with beef sales to Mexico in today's beef Buzz, featuring comments from Joe Schuele of the US Meat Export Federation.
The Beef Buzz is a regular feature heard on radio stations around the state on the Radio Oklahoma Network- but is also a regular audio feature found on this website as well. Click on the listen bar below for today's show- and check out our archives for older Beef Buzz shows covering the gamut of the beef cattle industry today.
Ron Hays Beef Buzzes with Joe Schuele of the USMEF
right-click to download mp3
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