February exports of U.S. pork, beef and lamb were higher than a year ago

February exports of U.S. pork, beef and lamb were higher than a year ago in both volume and value, according to statistics released by USDA and compiled by USMEF. Pork exports totaled 205,466 metric tons (mt) in February, up 4 percent from last year’s large total, while export value increased 12 percent to $547.2 million. Through February, pork exports were 2 percent ahead of last year’s pace at 408,934 mt, while export value climbed 10 percent to $1.09 billion. February exports accounted for 27.8 percent of total pork production and 24 percent for muscle cuts only — up from 27.6 percent and 22.9 percent, respectively, a year ago. Through February, the percentage of total pork production exported was slightly lower year-over-year at 26.1 percent, while the percentage of muscle cuts exported edged higher to 22.7 percent. February export value averaged $56.78 per head slaughtered, up 9 percent from a year ago. Through February, per-head export value was $53.70, up 5 percent. February beef export volume improved 11 percent from a year ago to 100,593 mt, while export value increased 18 percent to $599.8 million. Although this was the lowest monthly value total since May 2017, it is the highest on record for the month of February. January-February volume was 206,079 mt, up 10 percent from the first two months of 2017, while export value was 20 percent above last year’s pace at $1.22 billion. Exports accounted for 13.6 percent of total beef production in February, up one full percentage point from a year ago. For muscle cuts only, the percentage exported was 10.8 percent (up from 10.1 percent last year). Through February, beef exports accounted for 13 percent of total production (up from 12.4 percent) and 10.4 percent for muscle cuts (up from 9.8 percent). February beef export value averaged $322.29 per head of fed slaughter, up 16 percent from a year ago. Through February, per-head export value averaged $306.69, up 15 percent. “Red meat exports are off to a strong start in 2018 and continue to deliver excellent returns for U.S. producers,” noted USMEF President and CEO Dan Halstrom. “The outstanding level of export value per head slaughtered is especially encouraging at a time in which U.S. meat production is high and the trade climate is somewhat volatile. Through all the uncertainty, international customers remain very committed to U.S. pork and beef. This reinforces the importance of having experienced USMEF staff members located in key markets, working every day to maintain customer loyalty and reinforce the United States’ reputation as a reliable supplier.”