Oklahoma Farm Report masthead graphic with wheat on the left and cattle on the right.
Howdy Neighbors!
Ron Hays, Director of Farm Programming Radio Oklahoma Network  |  7401 N. Kelley Ave. Oklahoma City, OK 73111  |  (405) 841-3675  |  Fax: (405) 841-3674

advertisements
   
   
   
   
   

Agricultural News


US Beef and Pork Exports Continue to Race Ahead of Year Ago Through September

Mon, 15 Nov 2010 14:46:35 CST

US Beef and Pork Exports Continue to Race Ahead of Year Ago Through September The global appetite for U.S. beef and pork continued to grow in September, with American red meat exports maintaining solid momentum through the first nine months of 2010, according to the U.S. Meat Export Federation (USMEF).


Beef exports continued their torrid pace in September with a 30.2 percent jump in value over year-ago levels while volume climbed 16.6 percent. For the month, the U.S. exported 86,182 metric tons of beef valued at $339.3 million. For the year, beef exports are up 16 percent in volume and 27 percent in value to 766,791 metric tons valued at $2.9 billion.


The pork export story also is positive. For September, the value of pork exports climbed 10 percent over 2009 totals to $382.6 million even though the volume of exports slipped 3.6 percent to 148,416 metric tons. Over the first nine months of the year, export volume is up 2 percent to 1,392,754 metric tons valued at $3.5 billion - a 9 percent hike in value over 2009.


"We are finding a very positive and receptive audience for U.S. red meat in the international market," said Philip Seng, USMEF president and CEO. "The challenge is to sustain this aggressive growth pace and continue to diversify our markets.


"To that end, USMEF has been working closely with the exporting community to identify new opportunities in the global marketplace - whether it be new niches within existing markets or entirely new regions - to ensure that exports continue to grow and producers continue to see a healthy return," Seng added.


The impact of exports
The value of beef exports in September equated to $151 per head of steer and heifer slaughtered and accounted for 11 percent of total U.S. production. This compares to $118.17 per head in September of 2009 when exports were 9.5 percent of total production. For the first nine months of 2010, the value of exports per head is $145.07 per head, which is $8.60 more than values in 2003, prior to the discovery of BSE in the United States.


Pork exports accounted for 22 percent of production and $41.33 per head value in September compared to 21 percent and $35.30 last year. Year-to-date, pork exports account for 23.7 percent of production and $43.62 per head value, which is ahead of the $42.30 per head total set in the record export year of 2008.



Beef surge continues
Virtually every major U.S. beef export market is showing double-digit growth this year, and September continued that trend. Only Mexico, which continues to struggle with economic woes and a weak peso, is behind 2009 levels.


For the year, the top five beef export markets in terms of value remain Mexico, Canada, Japan, the ASEAN region and South Korea. During September, the top five markets were Canada, Mexico, Japan, South Korea and the Middle East - the latter led by Egypt.


Beef exports to Canada in September jumped 8.4 percent in value to $65.6 million, slightly surpassing exports to Mexico that were valued at $63.4 million, a 14.2 percent decline from last year. Japan was third with beef exports valued at $58.9 million, a 52 percent spike.


The trend in South Korea is even more promising with September exports up a startling 250 percent to $38.4 million while the Middle East showed a 93 percent hike for the month, registering at $22.5 million.


"We're continuing to see steady progress in Korea, and we're working hard to sustain that as we prepare to launch phase two of USMEF's 'Trust' imaging campaign that has been very well-received," said Seng.


While exports to the ASEAN region are down 16.6 percent in value from year-ago levels, they are up sharply from August, showing positive momentum. September exports to Russia were up 91.5 percent in value over 2009 levels. Muscle cut exports to Russia for the year are up 652 percent to 21,102 metric tons, already setting an annual record and essentially filling the 21,700 metric ton tariff rate quota.


Exports to Taiwan also set an annual value record of $149.5 million, already shattering last year's mark of $141.1 million. For the year, exports to Taiwan are up 42 percent in volume (27,625 metric tons) and 52 percent in value.


Through September, the United States has also increased its net exporter status, with net export value of $577.6 million for the first nine months of the year, up from $80 million in the same period last year.



Positive trend for pork exports

The value of U.S. pork exports continues its positive trend in September, rising 4 percent over August and 10 percent from year-ago levels to $382.6 million.


The top five value markets for U.S. pork exports in September were Japan ($126.2 million, a 15 percent jump over 2009), Mexico ($73.6 million, up 21 percent), Canada ($53.1 million, up 2.6 percent), the Hong Kong/China region ($44.3 million, up 32.2 percent) and Russia ($28.2 million, down 19.3 percent).


Canada's pork exports to Mexico have been rising steadily since June, but have spiked in timing with Mexico's application of a 5 percent duty on U.S. pork in August as part of a trucking dispute between the U.S. and Mexico. Canada's pork exports to Mexico reached record heights in September, exceeding 6,000 metric tons - more than triple the total from one year ago.


September pork exports from the U.S. to China totaled 20,375 metric tons, the largest volume since June 2008 when China imported unprecedented volumes of pork driven by domestic shortages, high prices and preparation for the Olympics. Rising hog and pork prices in China should continue to support strong demand for U.S. pork.


"We are working closely with our international directors and pork exporters to target growth opportunities for pork," Seng said. "Market access issues in key markets like China and Russia have affected export totals for the year, but the highlight I see in September is a higher value return on smaller amounts of exports. Increasing the value of our exports is certainly a top priority."



Lamb exports down
Mexico continues to be the bright spot for U.S. lamb exports, importing 3,723 metric tons of lamb valued at $7 million so far this year, increases of 43 percent in volume and 54 percent in value. Mexico accounts for 43.3 percent of the value of total U.S. lamb exports.


Overall, lamb exports continue to slump, falling 2 percent in volume to 8,136 metric tons and 23 percent in value to $16.2 million for the first nine months of 2010.



   

 

WebReadyTM Powered by WireReady® NSI

 


Top Agricultural News

  • Oklahoma Youth Expo Sale of Champions Sale Order Available Here- Sale Set for 4 PM Friday  Fri, 17 Mar 2023 04:50:54 CDT
  • Rural Voters Dominated Vote to Defeat Recreational Marijuana March 7th  Fri, 10 Mar 2023 07:13:05 CST
  • Ron Hays Talks to Israeli Ag Tour Guide Colin Lotzof About the Miraclel of Ag in Israel  Wed, 22 Feb 2023 22:11:04 CST
  • OALP Members Experience First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:51:49 CST
  • OALP Members Get First Hand View of Cutting Edge Drip Irrigation Technology as Israel Travel Ends  Wed, 22 Feb 2023 10:50:10 CST
  • Oklahoma Ag Leadership Program Sees Fruit, Beef and Dairy Production North of the Sea of Galilee in Israel  Mon, 20 Feb 2023 21:56:02 CST
  • Oklahoma Ag Leadership Program Sees Diverse Farm Operations in Jordan River Valley of Israel  Sun, 19 Feb 2023 21:17:30 CST
  • Israeli Tour Guide Mark Kedem Talks About The Cultural Aspects of What Class XX of OALP is Experiencing   Sat, 18 Feb 2023 22:17:23 CST

  • More Headlines...

       

    Ron salutes our daily email sponsors!

    Oklahoma Beef council Oklahoma Ag Credit Oklahoma Farm Bureau National Livestock Credit Ag Mediation Program P&K Equipment Oklahoma City Farm Show Union Mutual Stillwater Milling Oklahoma Cattlemen's Association KIS FUTURES, INC.
       
       
       
       
       

    Search OklahomaFarmReport.com

    © 2008-2024 Oklahoma Farm Report
    Email Ron   |   Newsletter Signup   |    Current Spots   |    Program Links

    WebReady powered by WireReady® Inc.