Meat exports in United States continued to rise in July

According to data published by the US Department of Agriculture (USDA) and compiled by the US Meat Exporters Federation (USMEF), exports totaled 126,567 tons, 3% more than in July 2021, and its value rose 7% to $1.006 billion. USMEF Executive Director Dan Halstrom said growth was in Japan, China/Hong Kong and the Philippines, while there were also higher purchases in Central America and the Caribbean. “Another $1 billion month, broad-based growth in many key markets. Japan rose 8%. China continues with a growth of around 30%. Some markets like the Philippines were also strong, and the Caribbean and Central America experienced growth,” he said. This despite the US dollar continuing to strengthen against key currencies, specifically Japan and Korea. And while the international logistics situation seems to be improving, there are still difficulties in moving protein and other products. "So I think we need to be aware of these headwinds, but the outlook still looks pretty positive ...