Beef is surging in virtually all major markets, with Mexico showing some signs of recovery.
August was a solid month for both U.S. beef and pork exports as both easily outpaced the results of August 2009 and increased their gains over the cumulative totals from the first eight months of 2009.
Beef exports for the month increased 24% in volume and 43% in value compared to August 2009, totaling 92,579 metric tons (mt) valued at $373.7 million. The cumulative January-August totals were up 16% in volume (680,609 mt) and 27% in value ($2.57 billion). This value total is 9% higher than the corresponding pre-BSE value total from January-August 2003. Korea remains the largest growth market, with exports of 73,625 mt valued at $345 million (an increase of 131% and 175%, respectively).
Exports made up 11.4% of production, up from 9.7% last year.
To read the entire article, link here.