CAB's Clint Walenciak Talks About How High-Quality Beef Shines in the Export MarketsTue, 18 Jun 2019 18:21:30 CDT
CAB Market Report: Exports
Even in today’s challenging trade climate, the Certified Angus Beef brand is a growing favorite worldwide.
Exports -- a favorite topic for cattlemen everywhere.
“We finished the year specific on the Certified Angus Beef brand export side of things up 16% year-over-year. But, when you look at the cumulative growth that we experienced over the last three years, that number actually goes to a 75% increase,” said, Clint Walenciak, Certified Angus Beef packing director.
Watch a short video-clip featuring Clint Walenciak, Certified Angus Beef packing director, shares his thoughts on high quality beef in the export markets, by clicking or tapping the PLAYBOX in the window below.
80 percent of the brand’s export business is divided between our neighbors, Canada and Mexico, as well as Hong Kong, Japan and South Korea.
Then there are the less-expected markets…
“We do see some smaller markets still play a very important role, in South America, the Middle East, and Asia as well, so countries like Peru, Chile, the Dominican Republic, in the Middle East Kuwait and the United Arab Emirates, as well as Taiwan back on the Asian market,” Walenciak said.
The cuts of meat driving demand internationally are across the carcass.
“International markets are going to pull from across the entire carcass, but some areas where they excel above and beyond the domestic market would include items like short rib or skirts as well as chuck rolls,” he said.
What does that mean for cattlemen? More money in their pocket.
“U.S. Meat Export Federation will quote that export business generates about $320 per head for every fed animal. When we translate that back to a live cattle price, we're talking 18 to 20% of the total animal's value generated through the export business.”
Source: Certified Angus Beef
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