Beef Sets Export Value Record, Pork Values Second Highest

The U.S. Meat Export Federation released its analysis of beef and pork shipments through the first three months of 2018.

Strong March results capped an excellent first quarter for U.S. red meat exports, reports AgDay. The U.S. is exporting a strong share of its beef and pork production at higher prices — a clear sign of solid international demand.

For the month of March, beef exports set a new monthly value record. Pork export values were the second-highest level on record.

Asian and Latin American markets largely drove big jumps in U.S. beef export values. For the first quarter of 2018, exports were 9% ahead of last year’s pace in volume (318,073 mt) and jumped 19% in value ($1.92 billion).See the market breakdown here.

First-quarter pork exports fairly steady to Mexico and Japan, up sharply to Korea and Latin America. For the January-March quarter, volume increased 1% year-over-year to 636,297 mt, while value was up 8% to $1.7 billion. More details are here.

March is the final month that U.S. beef will have Japan’s higher safeguard tariff to contend with. The higher rate took effect in August and expired April 1.

China’s additional 25% tariff on U.S. pork took effect on April 2nd, so these numbers do not reflect the trade moves.

 

Latest News

Get the Facts Straight on Highly Pathogenic Avian Influenza
Get the Facts Straight on Highly Pathogenic Avian Influenza

Now that the mystery illness impacting some dairy herds has been revealed as the same strain of Highly Pathogenic Avian Influenza that has been impacting the U.S. poultry flock, pork producers are asking questions.

Merck Introduces Sequivity with Microsol Diluvac Forte Adjuvant Prescription Vaccine
Merck Introduces Sequivity with Microsol Diluvac Forte Adjuvant Prescription Vaccine

Merck Animal Health announced it has received license approval from the USDA for Sequivity with Microsol Diluvac Forte adjuvant prescription vaccine for use in gilts and sows. 

What Does the Next Generation of the Pork Industry Want?
What Does the Next Generation of the Pork Industry Want?

It’s easy to make assumptions about what others think, but recent research funded by the Indiana Pork Producers Association and the Indiana Soybean Alliance proves it’s always better to go to the source itself.

Skills Survey Reveals U.S. Agriculture & Food Industry Workforce Needs and Gaps
Skills Survey Reveals U.S. Agriculture & Food Industry Workforce Needs and Gaps

U.S. employers report challenges in finding suitable job candidates with work-ready skills to fill open roles in ag. The AgCareers.com U.S. Skills Survey offers insights, data and trends to address skill development.

AASV Foundation Announces Recipients of Hogg Scholarship
AASV Foundation Announces Recipients of Hogg Scholarship

Ashley Johnson and Jana Morgan were named the 2024 recipients of the American Association of Swine Veterinarians Foundation Hogg Scholarship.

Will The Collapse Of The Baltimore Key Bridge Impact Agriculture?
Will The Collapse Of The Baltimore Key Bridge Impact Agriculture?

Mike Steenhoek, executive director at the Soy Transportation Coalition, shares what the collapse could mean for the supply chain.