The USAgNet reported that U.S. pork exports set a record in the first half of 2008, while U.S. beef exports continued to climb closer to the pre-BSE levels reached earlier this decade, according to the latest figures released by the U.S. Department of Agriculture.
According to the USDA, pork and pork variety meat exports in June doubled the volume exported last year, driving year-to-date pork exports up 67% above the first six months of 2007 in terms of volume, and 58% higher in terms of value. During the first half of the year, beef and beef variety meat exports increased 30% in volumes and 39% in value.
Beef exports are exploding at a time when the herd is declining so it does not seem like prices are going lower any time soon.
- A weak dollar has made US protein attractive in foreign markets simultaneous to the rise of “BRIC” consumers anxious to enrich and diversify their menu –clearly illustrated by these pork export charts.
- In the case of poke specifically, even if a post Olympic/Georgia slowdown in China and Russia dampens exports somewhat, demand should remain relatively firm for the “other white meat” –aided by the Canadian Government’s effort to reduce their breeding swine population.