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Beef exports set new record
U.S. beef exports set new value records in 2012, topping highs set in 2011, according to end-of-year statistics released by the U.S. Department of Agriculture and compiled by the U.S. Meat Export Federation, contractor to the Beef Checkoff Program.
According to a March 28 Texas Beef Council press release, the achievement was more significant in light of challenging export conditions that included non-science-based trade barriers in several key markets and an anemic economy in certain regions. The value of beef exports for the year rose 2 percent to a record-high $5.51 billion on 12 percent lower volumes (almost 2.5 billion pounds). The per-head export value for beef hit $216.73, a $10.36 increase over 2011. Contributing to that was a new monthly record value of $242.65 set in December.
For the year, U.S. beef exports accounted for 12.7 percent of total beef production and 9.8 percent of muscle cut production. This compares to 14.2 percent and 11 percent, respectively, in 2011.
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