Pork exports from the US slightly down in August
Pork exports totaled 183,658 mt in August, down 2 percent year-over-year, valued at $511.4 million, down 0.3 percent. January-August volume remained 9 percent above last year’s record pace at 1.61 million mt, while export value increased 11 percent to $4.21 billion.
Exports accounted for 23.1 percent of total pork production in August (down from 24.1 percent a year ago) and 19.2 percent for muscle cuts only (down from 20 percent). For the first eight months of the year, the percentage of total production exported was 26.9 percent (up from 25.4 percent last year). For pork muscle cuts only, the percentage exported was 22.4 percent (up from 21.3 percent). Export value per head slaughtered trended lower in August at $47.98, down 3 percent from a year ago, but the January-August average was still up 8 percent to $53.28.
“As we head into the final quarter, 2017 is shaping up as a very solid year for red meat exports but one in which the U.S. industry still faces significant challenges,” said USMEF CEO Philip Seng. “We have new pork plants coming on line and strong cattle-on-feed numbers, which sends a positive signal to our international customers about product availability. But the international markets are increasingly competitive, so we must continue to aggressively pursue new opportunities for U.S. red meat products in both our traditional mainstay destinations and in emerging markets.”
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