Pork Exports Set Another Monthly Record in November 2011

Pork Exports Set Another Monthly Record in November 2011

Beef exports performed well in November, up 4% over November 2010.

U.S. pork exports set another monthly volume record in November, according to statistics released by USDA and compiled by the U.S. Meat Export Federation, which helped offset record-high production and provide a significant boost to pork cutout values.

Exports totaled 217,080 metric tons valued at $597.85 million - up 22.5% and 35%, respectively, over November 2010. This boosted the January-November volume total to 2.04 million metric tons (up 18% year-over-year) and the value total to $5.526 billion (up 27%). This puts U.S. pork export value, which had never reached $5 billion before this year, on pace to approach the $6 billion mark in 2011.

November pork exports equated to nearly 29% of total production (including variety meat). In terms of muscle cuts only, exports still totaled 24% of total production. Export value per head slaughtered set a new monthly record at $59.98, which was $15 higher than a year ago.

For January through November, the percentage of total production exported equated to 27%, or 23% when including only muscle cuts. This compares to 23.7% and 19% for the same period in 2010. Export value for the year averaged $55.21 per head, compared to $43.72 per head a year ago.

November beef exports also performed well, reaching 105,268 metric tons valued at $456.25 million. This was steady with the October 2011 volume and up slightly in value. On a year-over-year basis, November exports were up 4% in volume and 17% higher in value from the very strong totals recorded in November 2010.

This boosted the January-November export total 22% higher in volume than a year ago to 1.179 million metric tons, and up 35% in value to $4.944 billion. When December results become available, beef export value will eclipse the $5 billion mark for the first time ever.

Beef export value nearly $220 per head in November, more than $200 for 2011

November beef exports equated to 14% of total production when including variety meat, or 11% for muscle cuts only.

This was consistent with the 2011 average but up significantly from the 2010 ratios of 11.7% for total production and 9 percent for muscle cuts. November exports equated to $219.73 per head of fed slaughter, up $41.50 from a year ago. For January-November, export value averaged $204.27 per head - more than $50 higher than the previous year's average.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish