March marks bright spot for US beef to Caribbean, Middle East, Mexico - USMEF

Published 2024년 5월 13일

Tridge summary

In March, US beef exports to the Caribbean saw a 16% increase from the previous year, with the second highest export value on record. This growth was largely due to record-breaking exports to the Dominican Republic, which increased by 17%. The first quarter also saw an 18% increase in volume and a 14% increase in value in Caribbean exports, including to the Netherlands Antilles, Leeward-Windward Islands, Cayman Islands, Barbados, and Turks and Caicos Islands. The Middle East's demand for US beef also rebounded in the first quarter, with a 30% increase in exports to the region. Despite a 5% decrease in March beef export volume to Mexico, the market posted a solid performance with a 3% increase in export value. Brazil has also emerged as the second largest supplier of beef to Mexico since gaining access last year.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

March was one of the best months ever for US beef exports to the Caribbean, where shipments climbed 16% from a year ago to 3,398 mt – the third largest on record. Export value was the second highest on record, climbing 12% to $31.1 million, according to data released by USDA and compiled by the US Meat Export Federation (USMEF). This performance was led by record-large exports to the Dominican Republic, which increased 17% from a year ago to 1,238 mt. Export value to the DR soared 30% to a record $15.4 million. First quarter exports to the Caribbean increased 18% in volume (9,037 mt) and 14% in value ($76.4 million). In addition to the DR’s strong performance, first quarter exports increased to the Netherlands Antilles, Leeward-Windward Islands, Cayman Islands, Barbados and Turks and Caicos Islands. Beef variety meats achieved dramatic growth in Trinidad and Tobago. Following a down year in 2023, the Middle East region’s demand for US beef rebounded impressively in the first ...

Source: The Cattle Site