November
Beef Exports Up
November 2017 U.S. beef export value took another step
toward a likely full-year value record. Beef export volume reached
246.7 million pounds in November, down 3 percent from November 2016 but still
the second-highest monthly total of the year.
Export value was also the second-largest of 2017 at
$666.4 million, up 8 percent year-over-year. January-November export
volume totaled 2.5 billion pounds, up 7 percent, while export value climbed to
$6.6 billion - up 15 percent from a year ago and slightly above the record pace
established in 2014.Beef exports accounted for 13.1 percent of total production in November, the
highest since July but down from 14.9 percent in November 2016. For muscle cuts
only, the percentage exported was 10.9 percent - down from 11.7 percent in
November 2016. For January through November, beef exports accounted for 12.8
percent of total production (down from 13.5 percent in 2016) and 10.3 percent
for muscle cuts (steady with 2016).
November beef export value averaged $306.63 per head of fed slaughter,
up 4 percent from a year ago and the highest in nearly three years.
January-November export value averaged $282.34 per head, up 9 percent.
Japan, Hong Kong drive beef export growth and new
value records in Korea and Taiwan.
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