"MEAT, POULTRY EXPORTS TO INCREASE"
Total red meat and poultry exports are expected to increase 5 percent in 2003 over 2002 after posting a 3 percent decline this year, according to a Livestock, Dairy and Poultry Outlook report released by USDA's Economic Research Service last week. In the report, broiler exports are singled out as the biggest year-over-year reduction-an 8 percent decline due mostly to exporting problems to Russia and exporting bans due to localized disease outbreaks.
In 2003, broiler exports are expected to register a 7 percent gain. Red meat exports are expected to post an increase of 6 percent this year and 2 percent in 2003. Prospects for broiler exports are improving due to larger than expected shipments in July and August. Exports in August were 535 million pounds, the second highest monthly exports recorded and 15 percent higher than a year ago.
Growth in August resulted from increased shipments to several smaller markets as exports to the four major markets declined-Russia, Hong Kong, Mexico and Japan. The increase has not translated into higher domestic prices, due to continued strong growth in broiler production and burdensome stock levels, ERS reported.
The full report is available at http://www.ers.usda.gov/publications/so/view.asp?f=livestock/ldp-mbb/.