Market Outlook

Livestock, Dairy, and Poultry Outlook, September 2018 (summary)

U.S. Exports of Animal Proteins: Broiler Exports Represent Largest Volume Share, While Beef Exports Comprise Greatest Value Share

Year-to-date 2018 exports of beef, pork, lamb, poultry, and eggs amounted to 10.1 billion pounds,2 valued at $9.8 billion. In terms of volume, broiler exports represented the largest share (40 percent) of total exports, followed by pork (35 percent), beef and veal (18 percent), turkey (4 percent), eggs (3 percent), and lamb (less than 1 percent) (see chart below). In comparison, the distribution of value shares is more or less equal for all commodities, except for broilers and beef. As depicted in the chart below, beef and veal represent the largest share (42 percent), followed by pork (32 percent), broilers (19 percent), turkey (3 percent), eggs (3 percent), and lamb (less than 1 percent).

Cattle/Beef: The 2018 beef production forecast is unchanged from last month’s forecast at 27.1 billion pounds. The third-quarter 2018 production forecast was reduced from last month, but it was offset by the higher anticipated production in the fourth quarter. The beef export forecast for 2018 was raised to reflect the record pace driven by strong demand from Asian markets. The 2019 beef export forecast was also raised.

 

See the September LDP Outlook report and previous reports.