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U.S. Beef Exports Update for July 2017

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Presentation on theme: "U.S. Beef Exports Update for July 2017"— Presentation transcript:

1 U.S. Beef Exports Update for July 2017
September 2017

2 Beef exports remain red-hot in July; export value to Japan highest since 1996
$3.97 billion in value for Jan.-July 2017 15% higher than same period last year $623.7 million in value for July 2017 18% higher than last July 711,364 metric tons (1.6 billion pounds) in volume for Jan.-July 2017 11% higher than same period last year 104,488 metric tons (230 million pounds) in volume for July 2017 5 percent higher than last July; (USDA statistics compiled by USMEF; totals include muscle cuts and variety meat)

3 Top U.S. Beef Export Markets (Jan.-July 2017)
Japan – 178,501 metric tons (up 23% compared to 2016) ● value up 29% to $1.08 billion ● chilled beef up 39% to 83,951 mt, valued at $613 million (up 40%) Mexico – 134,543 mt (2% higher) ● value down 2% to $544.8 million South Korea – 98,944 mt (up 9%) ● value up 19% to $629.4 million ● chilled beef up 83% to 22,432 mt, valued at $199 million (up 88%) Hong Kong – 65,379 mt (up 13%) ● value up 21% to $417.8 million Canada – 68,097 mt (up 1%) ● value up 4% to $475.7 million Taiwan – 24,234 mt (up 16%) ● value up 24% to $215.5 million ● chilled beef up 19% to 9,883 mt valued at $114 million (up 22%) (USDA statistics compiled by USMEF; totals include muscle cuts and variety meat)

4 Measuring Beef Export Value
Exports accounted for 13.2% of total U.S. beef production in July, 12.8% year-to-date Down from 14.2 last July Steady with Jan.-July 2016 Export value of $ per head of fed slaughter in July, $ year-to-date Up 13% from July 2016 Up 9% year-to-date (Export production % includes variety meat)

5 U.S. Beef Exports 2017 vs. 2016 (Including variety meat) Volume: Metric Tons

6 U.S. Beef Exports 2017 vs. 2016 (Including variety meat) Value: Millions of Dollars


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