US beef exports on the increase
A
strong performance by the top three international markets kept US
beef exports on an upward path in August, according to statistics
released by the US Department of Agriculture.
Beef sales
to Japan, Mexico and Canada all posted solid gains along with a
resurgent Taiwan market as overall beef exports grew 5% in volume and
16% in value compared to year-ago levels, reaching 105,544 metric
tons valued at $563.3 million.
For
the first eight months of 2012, beef exports are up 1% in volume and
10% in value to 767,017 metric tons valued at $4.01 billion.
The
continued absence of the Russian market – closed to US beef since
February – continues to hinder exports. Excluding Russia, beef
exports are up 8% in volume and 16% in value.
“Challenges
appear in many forms, including market closures and disruptions,
international competition and product oversupply,” said Philip
Seng, CEO of the US Meat Export Federation. “For example, while the
US has enjoyed impressive growth in beef exports to Hong Kong, we
remain locked out of the fastest-growing beef market in the world –
China. And pressure from our international competitors is a
significant factor in other markets.”
For the year, US lamb
exports are up 3% in volume (8,956 metric tons) and 13% in value
($19.6 million) despite a sluggish August. For the month, exports
slipped 45% in volume (779 metric tons) and 30% in value ($1.9
million). Top international markets Mexico, Canada and the Caribbean
all posted double-digit declines.