Beef Exports Remain Strong in March
By Misty Martin on May 24, 2017 @ 3:12pm
U.S. beef exports capped a strong first quarter with excellent March results. Beef exports totaled 232.2 million pounds in March, up 18 percent year-over-year, with value increasing 22 percent to $588.2 million. First-quarter beef exports were up 15 percent in volume (644.2 million pounds) and 19 percent in value ($1.61 billion). March exports accounted for 12.5 percent of total beef production and just under 10 percent for muscle cuts only, each up slightly from last year. For the first quarter, the percentage of total beef production exported was down slightly from a year ago (12.4 percent vs. 12.5 percent) despite an increase for muscle cuts (9.8 percent vs. 9.4 percent). Export value per head of fed slaughter averaged $270.14 in March, up 11 percent from a year ago, while the first-quarter average increased 10 percent to $267.71 per head.