Livestock Marketing Information Center

Current Situation and Analysis
Last Updated: 3/16/2015
U.S. PORK TRADE: 2014 VALUE OF EXPORTS AND IMPORTS

    On a dollar value basis, the U.S. pork industry is a net exporter; that is exports exceed imports. Although 2014 was no exception regarding net exports, both export and import values in the hog and pork complex set a record high.


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U.S. ANNUAL MEAT AND POULTRY PRODUCTION AND DISAPPEARANCE

    Across all major meat and poultry categories (beef, pork, lamb and veal in terms of red meats and poultry including chicken and turkey), the LMIC forecasts increased production of every item except beef this year. Those increases will pressure prices, even for beef. Increased production will be the major contributor to how much product is available in the domestic marketplace. In addition, this year the U.S.


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DAIRY COW SLAUGHTER UP, BEEF COW DOWN

    Since the beginning of 2015, U.S. beef cow slaughter has been below year ago values every week except one, through the end of February. Conversely, dairy cow slaughter has been above year ago values for six out of the eight weeks we have data for in 2015. Through the end of February, total cow slaughter was down 3%, dairy cow slaughter was up 7%, and beef cow slaughter was down 14% compared to 2014. For the week ending March 13th, weekly slaughter cow prices were recorded at $109.50 per cwt. according to USDA-AMS.


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