Agricultural News
U.S. Beef and Pork Exports Expected to Finish Strong Despite Tougher Pricing
Tue, 25 Oct 2011 10:46:08 CDT
The recent strengthening of the U.S. dollar against other foreign currencies can and will have an affect on the U.S. beef and pork exports. It can affect the exports through terms of customer purchasing power in major export markets or when priced against the currencies of other competitors, such as Brazil, Australia and Canada.
According to U.S. Meat Export Federation Economist Erin Daley Borror, these changes will make the fourth quarter of 2011 a tougher business climate than the rest of the year. Daley Borror says we have had a clear advantage for most of 2011 with the weak dollar until around September when that began to change.
However, Daley Borror says she is confident that the U.S. beef and pork exports will still manage to have a solid performance throughout the rest of the year. This is mainly because of the strong global demand and the pricing environment is roughly the same as it was in the final quarter of 2010.
Even with the changes in currencies, the U.S. beef and pork exports are expected to set new value records in 2011. Each are predicted to break the $5 billion mark for the first time in history.
Click on the LISTEN bar below to hear more from Ron Hays and Erin Daley Borror of USMEF on the fourth quarter for U.S. beef and pork exports and the changes in foreign currencies.
The Beef Buzz is a regular feature heard on radio stations around the region 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.
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