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U.S. beef and pork exports climb higher than last year

by Ben Nuelle 

LISTEN: money-matters-11-21-16

U.S. Beef and pork exports climb higher than last year.

Thad Lively is with the United States Meat Export Federation.

“Beef is up about eight percent in volume and pork about five percent. That is very encouraging news and good turnaround from where we were last year. The big news on the beef side that we are seeing solid growth to all our major Asian markets whether it is Japan, Korea, Taiwan, Hong Kong.”

Lively says pork exports look a little different.

“The key to what’s happened in the past year or so in terms of pork trade generally is China. China found themselves with a hole to fill. Production is down for a variety of reason and their imports this year are up over 100% from last year. Obviously, China accounts for half of the world’s pork and pork consumption. When they need to import it sends ripples throughout the global trade.”

He says U.S. exports are up 80 percent this year. The European Union is the dominant supplier in China though.

 

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