October Pork Exports set a New Monthly Record

More good news for the beef and pork industry-October pork exports set a new monthly record. October pork export volume was 207,725 mt.  That's the largest since May.  Since January, pork exports are 1% above last year's record pace at 2.02 mmt. The value was also up 1% to $5.33 billion.  

October beef exports totaled 117,838 mt.  That's up 6% from a year ago and valued at $727.4 million dollars.  That's up 10%.  It's also the second-highest monthly total on record.

China opened up its doors in 2017 U.S. beef for the first time since the BSE scare in 2003.  However, China's buys have been minuscule lately, even before the tariffs.  USMEF says China's buys in October were down 27% from a year ago.

See the full report from the U.S. Meat Export Federation here.

 

Latest News

How Do Wind, Solar, Renewable Energy Effect Land Values?
How Do Wind, Solar, Renewable Energy Effect Land Values?

“If we step back and look at what that means for farmland, we're taking our energy production system from highly centralized production facilities and we have to distribute it,” says David Muth.

Food Security is a Real Challenge
Food Security is a Real Challenge

A recent airport visit gave Chad Carr, a meat scientist at the University of Florida, a new perspective on challenges commercial food production faces with consumers.

Profit Tracker: Packer Losses Mount; Pork Margins Solid
Profit Tracker: Packer Losses Mount; Pork Margins Solid

Cattle and hog feeders find dramatically lower feed costs compared to last year with higher live anumal sales prices. Beef packers continue to struggle with negative margins.

Colombia Becomes First Country to Restrict US Beef Due to H5N1 in Dairy Cattle
Colombia Becomes First Country to Restrict US Beef Due to H5N1 in Dairy Cattle

Colombia has restricted the import of beef and beef products coming from U.S. states where dairy cows have tested positive for H5N1 as of April 15, according to USDA.

On-farm Severe Weather Safety
On-farm Severe Weather Safety

When a solid home, tornado shelter or basement may be miles away, and you’re caught in a severe storm, keep in mind these on-farm severe weather safety tips.

Invest in Resources Today for a More Successful Tomorrow
Invest in Resources Today for a More Successful Tomorrow

In the fast-paced world of business, it's easy to get caught up in the day-to-day operations, but true success lies in working on your business, not just in it.