Agricultural News
Market for U.S. Red Meats Strong
Tue, 14 Dec 2010 17:54:57 CSTThe 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 dollars, surpassed only by June's 377.6-million. Pork export value was third-highest of the year at 407.8-million dollars - trailing only May's 419.3-million and June's 425.3-million dollars.
For the first 10 months of 2010, the beef export value was 3.28-billion dollars, surpassing the January-October 2003 total of 3.26-billion. This year's ratio of total U.S. production exported is 11.4 percent, while the value per steer and heifer slaughtered is $147.62.
As for pork exports, volume is up 2 percent over 2009 to 1.39 million metric tons but exports posted a 9 percent increase in value to 3.49-billion dollars. For the first 10 months of the year, this puts U.S. pork exports just 3.5 percent behind the all-time record pace of 2008 for export value. The ratio of total U.S. production exported is 23.5 percent, while the value per hog slaughtered is $43.47.
U.S. lamb exports have fallen 5 percent in volume to 8,841 metric tons and 25 percent 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 percent over last year, reaching 3,967 metric tons valued at 7.35-million dollars.
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