U.S. pork and beef exports on record pace through February
Christian Fernsby | ▼ April 17, 2020
U.S. pork exports posted the third largest month on record in February while U.S. beef exports also recorded double-digit gains from a year ago, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).
Article continues below
Topics: U.S. PORK BEEF EXPORT
Through February, exports of both pork and beef are on a record pace and account for a growing share of record-large U.S. production.
February pork exports reached 273,056 metric tons (mt), up 46% from a year ago, valued at $726.6 million (up 59%), trailing only the volume and value totals from December 2019 and January 2020.
For the first two months of the year, pork exports exceeded last year’s pace by 41% in volume (546,659 mt) and 54% in value ($1.47 billion).
Pork export value per head slaughtered was $67.77 in February, up 50% from a year ago and the highest since 2014.
The January-February average was $65.02, up 45%.
Exports accounted for just under 33% of total February pork production and nearly 30% for muscle cuts only, the highest on record and up substantially from last year (24% and 21%, respectively).
The January-February ratios were 31.3% of total production and 28.6% for muscle cuts, up from 23.8% and 20.6%, respectively, in 2019.
U.S. beef exports also achieved outstanding growth in February, increasing 18% from a year ago to 112,021 mt and climbing 17% in value ($681 million).
These results pushed January-February volume 10% above last year’s pace at 219,395 mt and 11% higher in value ($1.35 billion).
Beef export value per head of fed slaughter was $343.03 in February, up 11% from a year ago and the highest since December 2018.
The January-February average was $321.86, up 7%.
Exports accounted for 15.3% of total February beef production, up from 13.9% a year ago, and 12.4% for muscle cuts only (up from 11%).
Through February, exports accounted for 14.1% of total beef production and 11.5% for muscle cuts, up from 13.5% and 10.7%, respectively, last year. ■ What to read next
The Biden administration has banned approvals of new telecommunications equipment from China's Huawei Technologies and ZTE because they pose "an unacceptable risk" to U.S. national security.
Latest Patchwork carpets, vintage Persian carpets made with unparalleled skill
Protests erupt in Xinjiang and Beijing against COVID-19 lockdowns
U.S.: Several regions face rainy, snowy weather
At least eight people dead in landslide in Italy
Federal Police of Brazil launches operation to combat illegal sand extraction
U.S.: Heavy rainfall over south Texas, Santa Ana winds in southern California
Scotland agrees deal to avert Christmas rail strikes, begins talks with nurses
South Korean president warns to use special powers to end truckers' strike
British nurses to stage first strikes on December 15, 20
EirGrid and RTE sign technical and financial agreements for Celtic Interconnector
Zuunbayan-Khangi railway set to deliver major boost to Mongolian exports and economy
Europe pours billions into Serbian Belgrade-Niš rail line
UK highways projects costing billions more than planned
UK car production returns to growth in October
$15 million fast-tracked to fix roads in central and western NSW
New York Governor: Shop locally on Small Business Saturday
New York: More than $68m for 74 projects through Regional Economic Development Council initiative
Minister Ng launches exploratory talks toward free trade agreement between Canada and Ecuador
Council agrees on substance of new measures on joint purchases of gas and solidarity mechanism
Today We Recommend Highlights
BMW invests EUR2 billion in Hungarian plant, will create 500+ jobs
Phantom Space gets four new NASA task orders
Gascade completes first LNG link to German gas network
Veon to unload Russian operations for $2.1 billion
Amazon workers called to strike across globe on Black Friday
Walt Disney fires CEO Bob Chapek, returns Robert A. Iger
Appian appoints Silvio Lima as head of corporate affairs
Appia Rare Earths appoints Irvine R. Annesley as vice president
Charwood Energy appoints Pierre-Yves Lefebvre as CFO
Moon Surgical appoints Mark Toland as director
German economy grows more than initially estimated in Q3
Poland: Retail sales record slowest growth since February in October
Russia: Decline in industrial activity softens in October
Argentina: Merchandise exports decline in October
Argentina: Economic activity growth drops to six-month low in September
Deere Q4 net income $2.246 billion
Nordstrom Q3 net loss $20 million
VMware Q3 revenue $3.21 billion
Guess? Q3 net earnings down 26.9%
HP Inc. GAAP diluted net EPS down significantly, to eliminate between 4,000 and 6,000 jobs
Niger set to monetize massive gas reserves through Saharan natural gas pipeline
Putting the brakes on EV folly that choked the market
Oil discovery in Kavango Basin may mean huge benefits for Namibians
Cape Town and Dubai battle over Africa's energy future
Is America going to lose its superpower status?
Authorities introduce Swiss-wide anti-bird flu measures
Ghana: African Development Fund approves $27.9m grant for Savannah Agriculture Value Chain Development Project
Maine delegation and Governor Mills urge national retailers to continue selling Maine lobster
Uruguay will be able to export sorghum to China for human and animal consumption
Hong Kong suspends import of poultry meat and products from areas in Ireland, France and Japan
How employee opinion impacts CEO dismissal
Keeping it in family can be good news when it comes to CEOs
Over a third of office workers are hybrid 'misfits'
Proxy advisers have inherent incentive to create controversy, study shows
Established employees need adjustment period with new work colleagues
New Zealand fines Southland fishing company $40,000
Italy's antitrust fines Edison Energia 3.8 mln euros over unfair practices
FTC secures monetary judgment in deceptive energy savings claims case
Croatian Competition Agency fines dairy processing company PIK Rijeka $13,740 for imposing unfair trading practices
SEC charges S&P Global Ratings with conflict of interest violations
Mount Roraima, Venezuela, 7,671 feet above the forest floor
Llao Llao Resort, an exclusive resort in the middle of nowhere
Abu Dhabi welcomes visitors to discover experiences at their own pace
Christmas Nights of Lights started in Indiana
Okinawa International Carnival, a parade of unique foreigners groups
2023 Toyota Prius Prime, solar panel roof and reliability
Volvo EX90, a car with updates
Cessna Citation CJ4 Gen2 jet, pursue your business goals while enjoying journey
GMC first Sierra EV marks turning point
BMW M2, fast beast in small package
A. Lange & Söhne, men's watches with true Saxonian DNA
Nella Vetrina, luxurious Italian designers bathroom vanities and furniture
Karastan rugs, durable and beautiful
Leather bags for every occasion and every life style
A walk in closet, the crown jewel of the bedroom
RangeXTD, a Wi-Fi extender that actually works
Monitor II A.N.C. headphones, iconic Marshall sound
Zebra TC15, a clever mix of a mobile phone and a computer for business use
Bathroom speakers will make your relaxing even better
NAD 399 amplifier, highly efficient and remarkably powerful
Virgin Islands community encouraged to prevent antimicrobial resistance
Shionogi seeks Japan approval for COVID-19 vaccine
French doctors warn of antibiotics shortage
Merck's Keytruda shows survival benefit, meets main goal of gastric cancer trial
UK about fake vape factories: Consumers would be horrified if they saw the conditions in Chinese factories
European Space Agency presents new generation of astronauts
NASA selects Rocket Lab to launch TROPICS mission
World's heaviest flying bird heals itself with plants used in traditional medicine
James Webb Space Telescope reveals an exoplanet atmosphere as never seen before
U.S. to demolish four dams in river restoration effort