April beef, pork exports reflect tough economic climate | TSLN.com

April beef, pork exports reflect tough economic climate

USMEF

Despite the prolonged slowdown in global economic activity and the initial wave of A-H1N1 Influenza-related market reactions, exports of U.S. pork and beef held up reasonably well in the month of April. While pork plus pork variety meat exports declined by 10 percent in volume compared to April 2008, the drop in value was limited to about four percent. For the first four months of the year, pork export volume (648,063 metric tons or 1.43 billion pounds) is about three percent above the record pace of 2008, and the value has increased about six percent to $1.495 billion.

April beef plus beef variety meat exports declined 1.4 percent in volume and by six percent in value compared to last year. For the first four months of the year, beef export volume has increased two percent to 277,019 metric tons (610.7 million pounds) but declined slightly in value to $937 million.

“The good news is that in spite of the turmoil we saw in the latter part of the month, April pork exports were not down as much as had been predicted given the continued economic slump,” said U.S. Meat Export Federation (USMEF) President and CEO Philip Seng. “But while international markets are still a relative bright spot for the pork industry, we know they’re one part – and an important part – in the profitability of the U.S. pork industry. USMEF’s team around the world is focused on expanding export opportunities and helping to provide the kind of momentum hog producers need right now.

“The trade environment for beef was not directly impacted by A-H1N1 Influenza as much as it was for pork,” Seng added. “But anytime consumer activity takes such a major hit, beef trade is likely to suffer. I believe U.S. beef will perform well this year, but we need to see an economic rebound in key markets like Mexico, South Korea and Taiwan, and the industry also needs expanded access in many of these markets so we can move a wider range of cuts.”

Specifically, the beef industry is working with trade officials to gain access for U.S. beef in Taiwan that includes bone-in cuts and variety meat. The industry is also seeking relief from the 21-month age limit for cattle from which beef is eligible for export to Japan. Beef exports from four states – Illinois, Texas, Washington and Wisconsin – have also been suspended temporarily by Russia.

Despite the prolonged slowdown in global economic activity and the initial wave of A-H1N1 Influenza-related market reactions, exports of U.S. pork and beef held up reasonably well in the month of April. While pork plus pork variety meat exports declined by 10 percent in volume compared to April 2008, the drop in value was limited to about four percent. For the first four months of the year, pork export volume (648,063 metric tons or 1.43 billion pounds) is about three percent above the record pace of 2008, and the value has increased about six percent to $1.495 billion.

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April beef plus beef variety meat exports declined 1.4 percent in volume and by six percent in value compared to last year. For the first four months of the year, beef export volume has increased two percent to 277,019 metric tons (610.7 million pounds) but declined slightly in value to $937 million.

“The good news is that in spite of the turmoil we saw in the latter part of the month, April pork exports were not down as much as had been predicted given the continued economic slump,” said U.S. Meat Export Federation (USMEF) President and CEO Philip Seng. “But while international markets are still a relative bright spot for the pork industry, we know they’re one part – and an important part – in the profitability of the U.S. pork industry. USMEF’s team around the world is focused on expanding export opportunities and helping to provide the kind of momentum hog producers need right now.

“The trade environment for beef was not directly impacted by A-H1N1 Influenza as much as it was for pork,” Seng added. “But anytime consumer activity takes such a major hit, beef trade is likely to suffer. I believe U.S. beef will perform well this year, but we need to see an economic rebound in key markets like Mexico, South Korea and Taiwan, and the industry also needs expanded access in many of these markets so we can move a wider range of cuts.”

Specifically, the beef industry is working with trade officials to gain access for U.S. beef in Taiwan that includes bone-in cuts and variety meat. The industry is also seeking relief from the 21-month age limit for cattle from which beef is eligible for export to Japan. Beef exports from four states – Illinois, Texas, Washington and Wisconsin – have also been suspended temporarily by Russia.

Despite the prolonged slowdown in global economic activity and the initial wave of A-H1N1 Influenza-related market reactions, exports of U.S. pork and beef held up reasonably well in the month of April. While pork plus pork variety meat exports declined by 10 percent in volume compared to April 2008, the drop in value was limited to about four percent. For the first four months of the year, pork export volume (648,063 metric tons or 1.43 billion pounds) is about three percent above the record pace of 2008, and the value has increased about six percent to $1.495 billion.

April beef plus beef variety meat exports declined 1.4 percent in volume and by six percent in value compared to last year. For the first four months of the year, beef export volume has increased two percent to 277,019 metric tons (610.7 million pounds) but declined slightly in value to $937 million.

“The good news is that in spite of the turmoil we saw in the latter part of the month, April pork exports were not down as much as had been predicted given the continued economic slump,” said U.S. Meat Export Federation (USMEF) President and CEO Philip Seng. “But while international markets are still a relative bright spot for the pork industry, we know they’re one part – and an important part – in the profitability of the U.S. pork industry. USMEF’s team around the world is focused on expanding export opportunities and helping to provide the kind of momentum hog producers need right now.

“The trade environment for beef was not directly impacted by A-H1N1 Influenza as much as it was for pork,” Seng added. “But anytime consumer activity takes such a major hit, beef trade is likely to suffer. I believe U.S. beef will perform well this year, but we need to see an economic rebound in key markets like Mexico, South Korea and Taiwan, and the industry also needs expanded access in many of these markets so we can move a wider range of cuts.”

Specifically, the beef industry is working with trade officials to gain access for U.S. beef in Taiwan that includes bone-in cuts and variety meat. The industry is also seeking relief from the 21-month age limit for cattle from which beef is eligible for export to Japan. Beef exports from four states – Illinois, Texas, Washington and Wisconsin – have also been suspended temporarily by Russia.

Despite the prolonged slowdown in global economic activity and the initial wave of A-H1N1 Influenza-related market reactions, exports of U.S. pork and beef held up reasonably well in the month of April. While pork plus pork variety meat exports declined by 10 percent in volume compared to April 2008, the drop in value was limited to about four percent. For the first four months of the year, pork export volume (648,063 metric tons or 1.43 billion pounds) is about three percent above the record pace of 2008, and the value has increased about six percent to $1.495 billion.

April beef plus beef variety meat exports declined 1.4 percent in volume and by six percent in value compared to last year. For the first four months of the year, beef export volume has increased two percent to 277,019 metric tons (610.7 million pounds) but declined slightly in value to $937 million.

“The good news is that in spite of the turmoil we saw in the latter part of the month, April pork exports were not down as much as had been predicted given the continued economic slump,” said U.S. Meat Export Federation (USMEF) President and CEO Philip Seng. “But while international markets are still a relative bright spot for the pork industry, we know they’re one part – and an important part – in the profitability of the U.S. pork industry. USMEF’s team around the world is focused on expanding export opportunities and helping to provide the kind of momentum hog producers need right now.

“The trade environment for beef was not directly impacted by A-H1N1 Influenza as much as it was for pork,” Seng added. “But anytime consumer activity takes such a major hit, beef trade is likely to suffer. I believe U.S. beef will perform well this year, but we need to see an economic rebound in key markets like Mexico, South Korea and Taiwan, and the industry also needs expanded access in many of these markets so we can move a wider range of cuts.”

Specifically, the beef industry is working with trade officials to gain access for U.S. beef in Taiwan that includes bone-in cuts and variety meat. The industry is also seeking relief from the 21-month age limit for cattle from which beef is eligible for export to Japan. Beef exports from four states – Illinois, Texas, Washington and Wisconsin – have also been suspended temporarily by Russia.

Despite the prolonged slowdown in global economic activity and the initial wave of A-H1N1 Influenza-related market reactions, exports of U.S. pork and beef held up reasonably well in the month of April. While pork plus pork variety meat exports declined by 10 percent in volume compared to April 2008, the drop in value was limited to about four percent. For the first four months of the year, pork export volume (648,063 metric tons or 1.43 billion pounds) is about three percent above the record pace of 2008, and the value has increased about six percent to $1.495 billion.

April beef plus beef variety meat exports declined 1.4 percent in volume and by six percent in value compared to last year. For the first four months of the year, beef export volume has increased two percent to 277,019 metric tons (610.7 million pounds) but declined slightly in value to $937 million.

“The good news is that in spite of the turmoil we saw in the latter part of the month, April pork exports were not down as much as had been predicted given the continued economic slump,” said U.S. Meat Export Federation (USMEF) President and CEO Philip Seng. “But while international markets are still a relative bright spot for the pork industry, we know they’re one part – and an important part – in the profitability of the U.S. pork industry. USMEF’s team around the world is focused on expanding export opportunities and helping to provide the kind of momentum hog producers need right now.

“The trade environment for beef was not directly impacted by A-H1N1 Influenza as much as it was for pork,” Seng added. “But anytime consumer activity takes such a major hit, beef trade is likely to suffer. I believe U.S. beef will perform well this year, but we need to see an economic rebound in key markets like Mexico, South Korea and Taiwan, and the industry also needs expanded access in many of these markets so we can move a wider range of cuts.”

Specifically, the beef industry is working with trade officials to gain access for U.S. beef in Taiwan that includes bone-in cuts and variety meat. The industry is also seeking relief from the 21-month age limit for cattle from which beef is eligible for export to Japan. Beef exports from four states – Illinois, Texas, Washington and Wisconsin – have also been suspended temporarily by Russia.