Published on : Jun 09, 2014
The willingness of the customers to pay higher prices for various meat & poultry products, especially beef and port stirred double digit growth in the meat exports sector in April, reported the United States Meat Export Federation.
The exports of US beef totaled 99,297 mt with a value of $537.4 million – a total of 15 and 24 percent respectively. So far, this year the beef exports advanced 10 percent in volume (376,377 mt) and 17 percent in value ($2.05 billion).
The total US pork exports that including the variety meat and muscle cuts increased by 11 percent in volume in 2013 to 192,924 metric tons valued at $596 million, a 26 percent increase. During the first four months of 2014, the pork exports gained 11 percent in volume (776,601 mt) and 14 percent in value ($2.25 billion), said USMEF.
The USMEF President and CEO – Philip Seng said even with abundant supply of EU pork and large volumes of Australian beef products in the market place, USMEF is still witnessing a growing demand in most of the key areas of the meat & poultry market. These aspects are seen as an encouragement in the market to experience solid growth in sales to markets because the U.S. industry has made huge commitment in bringing about these resources. One of the best examples is Korea where the export volume has reduced since 2012. Korea’s domestic supply levels of beef and pork are seeing robust rebound in demand for US products.
The pork exports in the month of April accounted for 28 percent of total US pork production and 23 percent of muscle cuts, gaining 25 and 21 percent respectively. Similarly, the beef exports for the same month accounted for 14 percent of total US beef production and 11 percent of muscle cuts, amounting 12 percent and 9 percent increases respectively.