Beef exports start year off strong, expected to keep rolling

U.S. beef exports in January were significantly higher than the large totals of a year ago, led by muscle cuts, the U.S. Meat Export Federation (USMEF) said.

Beef and pork exports registered impressive gains in January and, based on weekly export reports, we expect February shipments to show robust growth as well,” predicted analysts at the Daily Livestock Report, published by Steiner Consulting Group.

Beef exports totaled 105,486 metric tons in January, up 9 percent year-over-year, while export value surged 21 percent to $624.4 million, according to USMEF. Exports accounted for 12.4 percent of total beef production in January, up slightly from a year ago. For muscle cuts only, the percentage exported increased from 9.5 percent to 10.1 percent. Beef export value averaged $293.06 per head of fed slaughter, up 14 percent year-over-year.

Source: MeatingPlace