Call for up 74% over a 12 months in the past
22 September 2023
1 minute learn
Call for for US red meat has rebounded dramatically in each Australia and New Zealand, pushing January-July exports to 45,173 mt, up 74% from a 12 months in the past, in step with knowledge launched via USDA and compiled via the United States Meat Export Federation.
Export price higher 64% to $159.1 million. Whilst marketplace get right of entry to is proscribed, recent/frozen US red meat is also imported for additional processing and the area has a rising urge for food for value-added processed US red meat merchandise.
July red meat export price equated to $65.38 consistent with head slaughtered, down 3% from a 12 months in the past, whilst the January-July reasonable higher 8% to $64.07.
Exports accounted for 30.3% of general July red meat manufacturing, up one share level from a 12 months in the past. For muscle cuts most effective, exports accounted for 25.5% of manufacturing, up from 24.7%.
For January via July, those ratios have been 29.9% of general manufacturing and 25.6% for muscle cuts, up from 26.8% and 23.6%, respectively, a 12 months in the past.