Strong pace continued for U.S. meat exports in February
This is according to statistics released by USDA and compiled by the U.S. Meat Export Federation (USMEF).
Pork exports reached 197,025 metric tons (mt) in February, up 15 percent year-over-year, with value up 17 percent to $486.7 million.
For the first two months of 2017, exports totaled 399,692 mt, up 18 percent, with value increasing 22 percent to $995.3 million.
February exports accounted for 27.6 percent of total pork production and 22.9 percent for muscle cuts only, up from 23.8 percent and 20 percent, respectively, last year.
January-February ratios were also significantly higher at 26.8 percent and 22.2 percent, compared to 23 percent and 19.3 percent in the first two months of 2016.
Export value per hog slaughtered averaged $51.94 in February, up 18 percent year-over-year, while the January-February average was up 20 percent to $51.05.
Beef exports totaled 90,417 mt in February, up 9 percent year-over-year, with value up 16 percent to $508.5 million. Through February, beef exports were up 13 percent in volume (186,905 mt) and 17 percent in value ($1.02 billion).
February exports accounted for 12.6 percent of total beef production and 10.1 percent for muscle cuts only, which was steady with last year.
January-February ratios were also fairly steady at 12.4 percent and 9.8 percent, respectively.
Export value per head of fed slaughter averaged $276.96 in February, up 13 percent from a year ago, while the January-February average was up 10 percent to $266.34 per head. ■