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Pork Exports Robust in January; Slow Start for Beef Exports
U.S. pork exports, which posted a strong finish in 2022, maintained momentum in January, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). U.S. beef exports were record-breaking in 2022 but slowed late in the year. This trend continued in January, as shipments were well below the large totals from a year ago.
January pork exports totaled 236,767 metric tons (mt), up 13% year-over-year, while export value climbed 16% to $643.4 million. Exports to Mexico, which finished...
ANALYSIS: Lamb Racks Heading into Valentine's Day: Is Demand Holding Up?
With the domestic lamb market, everything is relative compared to previous years. 15 of the 18 domestic lamb items Urner Barry quotes are at 52-week lows. Many would look at the price sheet and gaze upon a sea of red and think that the situation is bleak, but when compared to pre-pandemic years, prices are extremely elevated.
Take the 204 Rack 8-Rib, 7/UP for example, the current price is $1135/CWT on a weekly average basis, which is well below what we...
2022 Beef Exports Set Annual Records; Strong Finish for Pork Exports
U.S. beef exports set annual records for both volume and value in 2022, according to year-end data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Pork exports finished lower year-over-year but export value was the third largest on record, trailing only the highs reached in 2020 and 2021. Pork exports continued to gain momentum in December, led by another outstanding performance in Mexico. While lamb exports slowed in December, 2022 shipments were sharply higher than the previous two years, approaching the...
October Pork Exports Largest in 16 Months; Beef Exports Already Top $10 Billion
October exports of U.S. pork were the largest in more than a year and beef export volume also increased from a year ago, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).
Pork exports reached 238,198 metric tons (mt) in October, up 5% from a year ago and the largest since June 2021. Pork export value increased 13% to $697.3 million, the highest since May 2021. For January through October, pork exports were 12% below last year...
September Pork Exports Continue Upward Trend; Pace Cools for Beef
U.S. pork exports topped year-ago totals for the second consecutive month in September, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). September beef exports were below last year for the first time in 2022, but exports remain on a record pace through the first three quarters of the year.
Pork exports reached 222,202 metric tons (mt) in September, up 1% from a year ago. Export value increased 9% to $664.8 million – the highest since June 2021. Through September, pork exports were...
July Beef Exports Stay on $1 Billion/Month Pace; Pork Exports Remain Below Last Year
U.S. beef exports again topped $1 billion in July and posted the fifth-largest volume on record, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Pork exports remained below last year’s pace but continued to gain strength in Colombia and the Caribbean and stayed above year-ago for Mexico, the leading destination for U.S. pork.
July beef exports totaled 126,567 metric tons (mt), up 3% year-over-year. Export value increased 7% to...
ANALYSIS: Why are lamb weights elevated versus last year?
As this year has worn on, many participants have noted that domestic lamb weights are much heavier than last year...
First-Half Beef Exports on $1 Billion/Month Pace; Pork Exports Below Last Year
U.S. beef exports remained on a red-hot pace in June, topping $1 billion for the fifth time this year (after twice hitting $1 billion in 2021), according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Exports of U.S. pork remained below last year’s large totals in June, while lamb exports continued to trend higher.
June beef exports totaled 130,638 metric tons (mt), down slightly from the record volume posted in May but up 16%...
ANALYSIS: Are Domestic Lamb Prices Actually Weak, or Is It All Relative?
Heavy lamb carcass prices for the week of July 18, 2022 are at $383.5/cwt which is a 52 week-low and when comparing to the same week in 2021, a whopping 24% lower...
Another $1 Billion Month for Beef Exports; Pork Exports Remain Below Year-Ago
U.S. beef exports maintained a remarkable pace in April, topping $1 billion for the third time this year, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). April pork exports were well below the large totals posted a year ago, while lamb exports continued to trend higher.
Beef exports totaled 124,408 metric tons (mt) in April, up 3% from a year ago and the fifth largest on record, while export value soared 33% to $1.05 billion – second...
USMEF Spring Conference Examines Strong Global Demand Tempered by Growing Economic Challenges
The U.S. Meat Export Federation (USMEF) Spring Conference got underway Wednesday in San Antonio, attracting a diverse range of participants including pork, beef, lamb, corn and soybean producers, as well as packers, processors, exporters and traders from throughout the United States.
USMEF Chair Mark Swanson, who recently founded food safety consulting firm Tru Grit KGMS Enterprises LLC, welcomed attendees and urged them to take the opportunity to visit one-on-one with a strong contingent of USMEF’s international staff from Asia, Mexico...
Beef Export Value Sets Another Record; Pork Exports Improve but Remain Below Last Year’s Total
U.S. beef exports soared to another new value record in March, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). March pork exports were the largest so far this year but well below the record-large totals posted in March 2021. Lamb exports continued to gain momentum in March, reaching the third largest monthly volume on record and the highest value in nearly eight years.
Beef exports totaled 126,285 metric tons (mt) in March, up 1% from a...
Global Demand for U.S. Beef Continues to Soar; Pork Exports Below Last Year
U.S. beef exports posted another strong performance in February, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF), led by excellent value growth in key Asian and Latin American markets. Pork exports trended lower year-over-year, as larger shipments to Mexico and Japan did not offset the continued decline in demand from China/Hong Kong. Lamb exports continued to gain momentum, reaching the highest monthly value since 2014.
“Rarely have we seen so many outside forces creating headwinds for..."
VIDEO: Webinar - The Global Impact of HPAI
Urner Barry's Market Briefing Highlights Latest Action Across Protein Markets
ANALYSIS: Cattle Weights Buck Seasonal Norms Due to Weather, Feed Costs
Inspirational Keynote, Adenah Bayoh Joins Executive Conference Lineup
Urner Barry's Spring 2023 Reporter Issue Released; Read It Online For Free Now