Value of US beef per head doubles in four years
11/08/2014
The first-half export value also set a record of $3.27 billion (+16%). Export volume was 585,953 mt in the first half, up 8% from a year ago but trailing the 2011 record.
Beef export value per head set another record in June at $299.14, up $38.93 from a year ago.
“Seeing beef export value per head approach $300 is really remarkable,” said Philip Seng, CEO of the US Meat Export Federation.
“Just four years ago, export value was about $150 per head and we broke $200 per head for the first time in 2011. This shows just how important the international markets are for delivering strong returns to the producer.”
Exports to Hong Kong increased 55% in volume (71,829 mt) and 76% in value ($492.5 million) in the first half.
Momentum continued in Korea, as exports increased 11% in volume (56,478 mt) and 40% in value ($379.5 million).
Export volume to Japan slowed slightly from a year ago (111,044 mt, -3%), but export value was steady at $693.6 million. Japanese import data shows imports were lower from all main suppliers.
Growth continued in the Central/South America region, with exports increasing 5% in volume (20,293 mt) and 20% in value ($84.8 million). Peru is still the largest volume market in the region at 6,965 mt, while Chile leads in value at $33.6 million.
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