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Strong Momentum Continues for U.S. Beef and Pork Exports
Following a record-breaking March performance, exports of U.S. beef and pork continued to build momentum in April, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).
April exports of U.S. beef set another new value record at $808.3 million, up 35% from a year ago, with export volume reaching 121,050 metric tons (mt) – up 23% year-over-year and the fifth largest on record. For beef muscle cuts, exports were the third largest ever at 94,656 mt (up 21%), valued at a record $726.7 million (up 36%). For January through April, beef exports moved 5% ahead of last year’s pace at 454,398 mt, with value up...
Record-Breaking Performance for U.S. Beef and Pork Exports in March
U.S. red meat exports ended the first quarter on a very high note, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF), with March beef and pork exports each posting the highest monthly value on record. Pork exports and shipments of beef muscle cuts also set new volume records in March.
Beef exports totaled 124,808 metric tons (mt) in March, up 8% from a year ago and the second largest of the post-BSE era. Export value broke the $800 million mark for the first time at $801.9 million, up 14% year-over-year. Beef muscle cut exports set new monthly records for both volume (98,986 mt, up 13% from a year ago) and value ($718.3 million, up 17%). For the first quarter, beef exports pulled even with last year’s pace at...
Hungry Planet Closes $25 Million Series A Funding Round
Hungry Planet a leading plant-based meat company headquartered in St. Louis, Missouri, announced that it closed an oversubscribed $25 million Series A financing round. This round of funding will be used to build capacity for Hungry Planet’s breakthrough plant-based meats, and accelerate growth across retail, foodservice and e-commerce channels, both domestically and internationally.
Post Holdings led the round, joined by Singaporean investment group TRIREC, and included other leading plant-forward investors. With the market value of plant-based meat expected to reach $35.4 billion by 2027, Hungry Planet determined that now is the time to...
February Red Meat Exports Below Last Year, but 2021 Outlook Remains Strong
February exports of U.S. beef and pork remained below the rapid pace established in early 2020, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). However, exports were consistent with USMEF’s February projections and the federation still expects 2021 beef exports to increase substantially year-over-year, while pork exports are projected to narrowly surpass the 2020 record.
Beef exports totaled 103,493 metric tons (mt) in February, down 8% from a year ago, valued at $669.5 million (down 2%). This was due mainly to a decline in variety meat exports, as beef muscle cuts were steady with last year in value at $597.9 million on a volume of 82,530 mt (down 3%). Through February, beef exports were...
Meat Purchases and Confidence at Record Highs
Americans are buying more beef, pork, poultry, and lamb than ever as increased time at home during the pandemic sent meat grocery sales soaring by 20% (IRI) from 2019 to 2020.
The national analysis released shows that three out of every four Americans agree meat belongs in healthy, balanced diets (up by nearly 20% since 2020), and 94% say they buy meat because it provides high-quality protein.
Meat Institute President and CEO Julie Anna Potts commented...
Niman Ranch Announces Partnership with Fortune Fish & Gourmet
Niman Ranch, a leader in humanely and sustainably raised beef, pork and lamb, announced a new partnership with Fortune Fish & Gourmet, one of the country’s leading processors, distributors and importers of quality seafood, meats and gourmet products. With this new partnership, Niman Ranch has expanded their footprint of geographic availability, now serving sustainability-focused and quality-driven restaurants and select retail outlets in major markets including Detroit, Indianapolis, Chicago, Kansas City, St. Louis, Minneapolis, Omaha, Birmingham and everywhere in between.
“We are excited to partner with Fortune as we bring the finest tasting meat from Niman Ranch to new markets across the country,” shared John Flynn, Niman Ranch’s Vice President of Sales. “We are especially happy to now serve areas of the country in our farmers’ backyards, so they can enjoy the meat they work so hard to raise at some of...
REPORTER: Industry Veterans Come Together to Open Colorado Lamb Processors
This article was originally featured in the Spring 2021 Edition of Urner Barry's Reporter magazine.
As Easter and Passover approach, one cannot help but to think about lamb when planning a holiday meal. This year, there’s a good chance you could be eating lamb that has passed through the country’s newest lamb harvesting facility—Colorado Lamb Processors in Brush, Colorado.
Colorado Lamb Processors, which opened in September 2020, is the first new lamb processing facility to be built in the...
FSIS Issues Public Health Alert for Beef and Lamb Products Produced Without Benefit of Inspection
The U.S. Department of Agriculture’s Food Safety and Inspection Service (FSIS) is issuing a public health alert for products produced without the benefit of federal inspection by One Meat Corp., doing business as Eastern Asia Trading Corporation, a La Puente, Calif. firm. A recall was not recommended because it is believed that the affected products are no longer available to be purchased by consumers.
The beef and lamb products subject to the public health alert are:
January Red Meat Exports Below Year-Ago Levels Amid Transportation, Labor Challenges
U.S. beef and pork exports opened 2021 below the large volumes posted a year ago, according to January data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).
Beef exports totaled 105,047 metric tons (mt) in January, down 2% from a year ago, while value slipped 3% to $653 million. The decline was due mainly to lower beef variety meat shipments, as muscle cut exports were steady with January 2020 at 81,398 mt, valued at...
A Look at Protein Demand as the Six-Week Lenten Period Begins
As the six-week Lenten period leadup to Easter begins, foodservice and retail are catering to those who cannot eat meat at least one day a week. As SeafoodNews reported, restaurants like Bojangles, White Castle, and Quizno’s are just a few offering seafood items for a limited time.
Last year, Popeyes brought in a limited time Buttermilk Biscuit Shrimp offering for Lent. To switch things up this year, Popeyes introduced a new contender in the "Chicken Sandwich Wars," a Cajun Flounder Sandwich. But how could a new fish sandwich offering during Lent impact the chicken sandwich battle, which has become...
Urner Barry Expands Lamb Price Coverage with New Imported Market Report
Urner Barry, the leading provider of protein market news and information in the food industry, is pleased to announce the expansion of price intelligence in the lamb market with a new imported lamb category.
Adding to the existing series of timely, accurate and unbiased reporting on domestic lamb prices, Urner Barry will now offer coverage of lamb imported from Australia/New Zealand. This initiative provides transparency and insight into international trade flows that have the potential to impact market dynamics in the United States...
ANALYSIS: UPDATE Lamb and Mutton Production Hit All-Time Lows
Yearly production remains a prominent factor for lamb and mutton on the domestic front as continued...
Strong October for Pork and Beef Muscle Cut Exports; Variety Meat Trends Lower
U.S. pork exports posted broad-based gains in October, solidifying 2020’s record pace, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef muscle cut exports were also higher than a year ago in October, though lower variety meat volumes pushed total beef exports slightly below last year.
October pork exports were up 8% year-over-year to 242,536 metric tons (mt), with value also increasing 8% to $641.1 million. Through the first 10 months of the year, exports were 15% ahead of last year’s record pace at 2.46 million mt, with value up...
Pork Exports Remain on Record Pace Through September; Beef Exports Trend Lower
September exports of U.S. pork increased 10% year-over-year, keeping 2020 exports on a record pace, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef exports were fairly steady with last year in major Asian markets but trended lower overall.
Pork exports reached 222,475 metric tons (mt) in September, with value increasing 6% to $563.2 million. Through the first three quarters of the year, exports were 16% ahead of last year’s record pace in both volume (2.22 million mt) and value ($5.69 billion). The increases were even stronger for pork muscle cuts, jumping 22% to 1.87 million mt valued at...
Red Meat Muscle Cut Exports Strong in August; Variety Meats Trend Lower
August exports of U.S. beef and pork muscle cuts were above last year’s strong volumes, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Variety meat exports were lower than a year ago, due in part to the lack of available labor required to harvest and export some items.
Led by record-large demand in South Korea and Taiwan, beef muscle cut exports were the largest in more than a year at 89,148 metric tons (mt), up 3.5% year-over-year, while export value increased slightly from a year ago to $611 million. Combined beef/beef variety meat exports were 109,752 mt in August, down 4.5% from a year ago. Export value was $673.8 million, down...
ANALYSIS: Lamb and Mutton Production Hit All-Time Lows
Yearly production has continued to lessen for lamb and mutton on the domestic front due to diminished interest in...
Pork Exports Trend Lower in June but Remain on Record Pace; Another Tough Month for Beef Exports
June exports of U.S. pork fell below year-ago levels for the first time this year but exports remain on a record pace in 2020, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef exports were down sharply from a year ago in June, reflecting a lingering impact of a temporary slowdown in beef production combined with restrictions on foodservice and weakening economies in major import markets. June lamb exports trended higher, posting the second largest totals of 2020.
“We expected that the interruptions in red meat production would continue to weigh on June exports, but anticipated more of a rebound from the low May totals – particularly for...
Production Challenges, Economic Headwinds Slow Red Meat Exports in May
U.S. beef and pork exports trended lower in May, due in part to interruptions in slaughter and processing, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Beef exports dropped well below year-ago levels and recorded the lowest monthly volume in 10 years. Pork exports remained higher than a year ago but were the lowest since October 2019.
“As protective measures related to COVID-19 were being implemented, plant disruptions peaked in early May with a corresponding temporary slowdown in exports,” said USMEF President and CEO Dan Halstrom. “Unfortunately the impact was quite severe, especially on...
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