Pork and Beef Exports Up Slightly and Food Price Index Down

Pork and Beef Exports Up Slightly and Food Price Index Down

Bob Larson
Bob Larson
From the Ag Information Network, I’m Bob Larson with your Agribusiness Update.

**August U.S. pork exports topped year-ago totals for the first time this year.

And, USDA data compiled by the U.S. Meat Export Federation shows BEEF exports were slightly above last August’s large volumes, again surpassing $1 billion in value.

Pork exports reached 226,300 metric tons, the largest since last November, while the value rose 4%.

Beef exports topped 133,800 metric tons, up 1% from last year and the second-largest volume on record.

**The United Nations’ Food and Ag Organization says the Food Price Index averaged 136.3 points in September, 1.1% below August and the sixth-straight monthly decline.

The fall was driven by a sharp drop in the international prices of vegetable oils and moderate decreases in sugar, meat, and dairy.

Together, that more than offset a rebound in the cereal price index, which averaged 147.8 points in September, 1.5% higher than August.

**The largest barge operator in the U.S. is telling customers it won’t be able to make good on deliveries due to the shrinking Mississippi River.

Bloomberg says, in a letter, Ingram Barge Company told customers they couldn’t deliver because of the “near-historic” low water levels.

The Mississippi is the top way to get American grains exported, but with grain harvest in progress, the logjam comes at the worst time.

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