US beef exports post record value for July 2021

Published 2021년 9월 8일

Tridge summary

US beef exports hit a new value record in July 2021, with a 45% increase from the previous year, reaching $939.1 million. The volume was also up by 14% to 122,743 metric tonnes. From January to July, there was an 18% increase in volume and a 30% increase in value in beef exports. Despite COVID-related challenges, the retail demand for beef remains strong. The mainstay Asian markets, Japan, South Korea, and Taiwan, showed significant increases in value. China also saw impressive growth in beef exports from the US, with a record 18,021 MT shipped in July.

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

Original content

New data from the USDA and US Meat Exporters Federation (USMEF) shows that US beef exports set another new value record for July 2021. July export value climbed 45% from a year ago to $939.1 million, while volume was the third largest of the post-BSE era at 122,743 metric tonnes (MT), up 14% year-over-year. For January through July, beef exports increased 18% from a year ago to 822,830 MT, with value up 30% to $5.58 billion. Compared to the pace established in 2018, the record year for US beef exports, shipments were up 6% in volume and 17% in value. “Beef exports were really outstanding in July, especially with COVID-related challenges still impacting global foodservice as well as persistent obstacles in shipping and logistics,” said USMEF President and CEO Dan Halstrom. “Retail demand continues to be tremendous, as evidenced by the new beef value record.” July beef exports to the mainstay Asian markets of Japan, South Korea and Taiwan were relatively steady with last year, but ...

Source: The Cattle Site