US pork exports set new record in November
November pork exports totaled 223,962 metric tons (mt), down slightly from a year ago. But through the first 11 months of 2017, export volume remained on pace for a new record at 2.23 million mt – up 7 percent year-over-year.
Exports accounted for 27.7 percent of total pork production in November (down slightly from a year ago) and 24.1 percent for muscle cuts only (up about one percentage point). For January through November, these ratios increased about one percentage point from a year ago to 26.5 percent of total production and 22.2 percent for muscle cuts. November pork export value averaged $58.38 per head slaughtered, up 6 percent from a year ago and the highest in six months. Through the first 11 months of the year, per-head export value averaged $53.18, up 7 percent.
Although pork variety meat exports slowed in November, the 11-month total of 498,661 mt was still 6 percent higher year-over-year. Export value climbed 19 percent to $1.06 billion, setting a full-year record and exceeding $1 billion for the first time.
“For all livestock producers, variety meat exports make a very important contribution to carcass value,” explained USMEF President and CEO Dan Halstrom. “USMEF has made it a priority to help our international customers develop more uses for pork variety meat and to broaden the global market for these products. At a time of record-large pork production, it is especially gratifying to see variety meat export value jump nearly 20 percent, which boosts the bottom line for everyone in the supply chain.”
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