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Meat exports move higher in March

meatBeef and pork exports rebounded in March, increasing year-over-year volume. The U.S. Meat Export Federation says March export values were lower than a year ago but trended upward, with both pork and beef exports reaching a 2016 high. The lower values are a direct result from softer market prices this year. Beef exports totaled 89,000 some metric tons in March, up three percent from a year ago and pushing first-quarter volume two percent higher than last year. March export value was $483 million for beef, down eight percent from a year ago but the highest since December. For the first quarter, export value was $1.36 billion, down 13 percent from the same period last year. March pork exports were the largest in 11 months at 195,000 some metric tons, up three percent compared to this time last year. First-quarter exports also increased two percent. March export value, $480 million, was down three percent from a year ago but the highest since May 2015. First-quarter export value totaled $1.3 billion, nine percent below last year’s pace.

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