FoodService Edition

Price corrections last summer allowed US exporters to become increasingly competitive in the global marketplace, with double-digit export increases registered for all key proteins.

Preliminary data, anecdotal evidence and simply the reality of higher meat prices at a time of supply increases all told us that exports in Q4 were particularly strong. The official data issued by the US Census Bureau and reported by USDA confirmed that conclusion. Exports of all proteins were up in double digits in November, which was critical considering the sharp increase in meat protein supplies during Q4. Average weekly beef production in November was around 505 million pounds per week (carcass wt. basis), +50 million pounds (+11.1%) higher than the previous year.