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Tuesday, March 9, 2021

Beef, Pork Exports Begin 2021 Lower - Drovers Magazine

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U.S. beef and pork exports began 2021 below the large volumes posted a year ago. Beef exports were off 2% and pork exports were down 9%, according to January data from USDA and compiled by the U.S. Meat Export Federation (USMEF).

Beef exports totaled 105,047 metric tons in January, while value slipped 3% to $653 million

January pork exports totaled 248,656 metric tons, while value was down 13% to $642.8 million.

USMEF said the decline in beef exports was due mainly to lower beef variety meat shipments, as muscle cut exports were steady with January 2020 at 81,398 metric tons, valuced at $584.4 million, down 1%. January beef exports to South Korea were called “very strong” and continued to gain momentum in China. Following a down year in 2020, exports also rebounded to the Middle East.

Pork muscle cut exports were down 11% in volume (208,234 mt) and 15% in value ($551.3 million), while pork variety meat shipments trended modestly higher than a year ago. While pork exports to China/Hong Kong declined as expected, exports to Japan increased in January and demand was very strong in Central America, the Philippines and the Caribbean.

USMEF President and CEO Dan Halstrom said January represented a fairly solid start to 2021, but cautioned that exports still face COVID-related obstacles and significant transportation and labor challenges.

"As key destinations for U.S. red meat roll out COVID vaccination programs, the outlook for 2021 is optimistic, with retail meat demand remaining strong and the expectation that foodservice will rebound in more and more regions," Halstrom said. "But transportation challenges are currently a dominant concern, particularly the congestion and container shortages at our West Coast ports where shorthanded crews are handling record-large cargo volumes. Labor is also at a premium in processing plants, which affects the industry's ability to fully capitalize on demand for certain labor-intensive cuts and variety meat items.

"Although the global foodservice sector still has a long recovery ahead, international demand for U.S. red meat remains impressive and resilient," Halstrom added. "But a range of logistical challenges must be overcome in order to fully satisfy this demand."

Halstrom explains more in the audio clip below. 

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March 09, 2021 at 10:59PM
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Beef, Pork Exports Begin 2021 Lower - Drovers Magazine

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