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Tuesday, February 9, 2016

U.S. Pork Exports Solid in December, Beef Exports Trend Lower

The U.S. Meat Export Federation says pork exports in December remained solid while beef exports were lower.The USDA numbers show beef exports posting the first full-year value decline since 2009. December beef exports totaled more than 94,000 metric tons, down six percent from 2014 as export value fell 21 percent month-to-month. In 2015, beef exports were down 11 percent from a year ago in volume to 1.07 million metric tons. Export value was $6.3 billion, 12 percent below the 2014 record of $7.14 billion. December exports of U.S. pork were up three percent from a year ago to 188,000 some metric tons. Export value was $468.9 million, down 13 percent from a year ago but the highest since May. For the full calendar year, pork exports were down two percent from a year ago in volume and 16 percent lower in value. USMEF President and CEO Philip Seng noted that with production increasing in the year ahead in both the beef and pork industries, “we cannot afford to dwell on these circumstances or back away from our commitment to the international markets.”