U.S. pork and beef exports in May exceeded year-ago levels by a considerable margin and kept year-to-date results on a very strong pace, according to statistics released by the U.S. Department of Agriculture and compiled by the U.S. Meat Export Federation.
Pork exports totaled 181,469 metric tons valued at $481.2 million, an 11 percent jump in volume and 15 percent in value over May 2010 levels. Volume was steady with the April 2011 results, while value declined by about 1 percent. Year-to-date through May, pork exports were up 16 percent in volume (916,763 metric tons) and 22 percent in value ($2.35 billion) over 2010, and results were 11 percent higher in volume and 26 percent higher in value than the all-time record pace set in 2008. Exports equated to 28.7 percent of total U.S. production with a per-head value of $56.81 compared to 27.9 percent and $53.10 per head in May 2010.
May beef exports were 21 percent higher in volume (109,741 metric tons) and 30 percent higher in value ($453.9 million) than a year ago. It was the second-strongest month of 2011 in terms of both volume and value, trailing only the all-time record results posted in March. Year-to-date through May, beef exports reached 509,489 metric tons valued at $2.09 billion--surpassing last year's pace by 28 percent in volume and 44 percent in value. Exports equated to 14.8 percent of total U.S. production with a value of $205.07 per head of fed slaughter. This compares to 12.6 percent and $160.30 per head in May 2010.
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