Beef exports experienced a 31.3% increase year-on-year, largely due to a rise in shipments to China, but saw a 26.8% drop in the average price of exported cuts, leading to a 3.8% decrease in income. The first month of the year saw beef export value drop by 3.8% from January 2022 to $206.9 million, with China accounting for 58.7% of total sales. The average price of live kilo of livestock also increased by 69.1% year-on-year, with the most significant increases seen in the MEJ, heifers, steers, and steers.