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USMEF economist expects solid 4Q for U.S. meat exports
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The U.S. dollar has recently strengthened against most foreign currencies. This can affect U.S. beef and pork exports, both in terms of both customer purchasing power in major export markets, and when priced against the currencies of major competitors such as Brazil, Australia and Canada.
As U.S. Meat Export Federation (USMEF) Economist Erin Daley Borror explains, this will make for a tougher business climate in the fourth quarter, compared to the rest of 2011. But she remains confident that U.S. exports will post a solid performance through year’s end, because global demand is strong and the pricing environment is roughly the same as it was in the final quarter of 2010. During that time, U.S. beef and pork exports achieved very solid results.
Both U.S. beef and pork exports are projected to set new value records in 2011, with each breaking the $5 billion mark for the first time ever.
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