The September data showed U.S. beef exports remained above a year ago. U.S. cattle exports to Canada continued to post gains.
For more on exports (beef and pork) and lamb imports, from the main menu bar select "Key Graphs" and then "International."
For a quarterly review of U.S. international trade (tonnage of exports and imports) covering red meats and poultry, see the Livestock Monitor newsletter article below.
For some discussion of the U.S. economy and linkages to the meat, poultry, and dairy sectors, see the article below from the new Livestock Monitor newsletter.
USDA-NASS surveys producers quarterly on dairy cow prices. This past quarter (reported as of October 1), replacement cow prices dropped quarter-over-quarter and declined dramatically year-over-year.
For more, read the short article below from LMIC's Livestock Monitor newsletter.
U.S. red meat exports had a strong finish to the third quarter, according to data compiled by USDA agencies (Foreign Agriculture Service and the Economic Research Service). Beef exports are leading the way. In the third quarter, U.S. beef and veal exports on a carcass weight rose by 11% year-over-year, stretching the double-digit growth out to its third consecutive quarter. Double-digit percentage increases in beef export tonnage have been posted for eight of the last ten quarters.
The net value of goods and service produced by the U.S. economy during the summer increased at a 3.5% annual rate. That followed a solid Spring quarter, which was up 4.2%. Sustained U.S. economic growth rate over the last six months was the strongest since 2014.
USDA’s National Agricultural Statistics Service surveys producers on dairy cow prices quarterly (published in their Agricultural Prices report). The latest release was for the third quarter. Data are collected only for cows sold to be used as dairy herd replacement purposes, the national number is calculated by weighting state values by cow inventory. Nationally, for the quarter ending October 1, 2018, the average cow price was $1230.00, a drop from the prior quarter of $90.00 (down 7%). Year-over-year the decline was $380.00 per cow (fell by 24%).
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