US: Beef export value highest in nine months

Published 2024년 5월 22일

Tridge summary

In March, beef exports reached 108,218 mt, marking a 10% decrease from the previous year but the highest in 2024, with export value hitting $889.9 million, the highest in nine months. From January to March, exports were down 4% in volume but up 6% in value, totaling $2.48 billion. The Caribbean, particularly the Dominican Republic, saw a 16% increase in March shipments, while the Middle East experienced a 30% rebound. Mexico's March volume fell by 5%, but its value rose by 3%. First quarter lamb exports decreased by 5% in volume but increased by 19% in value, driven by demand from the Caribbean, Mexico, and Canada.

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

Original content

March beef exports totaled 108,218 mt, down 10% from the large volume posted a year ago but still the highest of 2024. Export value was $889.9 million, down slightly from a year ago (-0.3%) but the highest in nine months. January-March exports totaled 311,865 mt, down 4% from the first quarter of 2023, but export value increased 6% to $2.48 billion. "Beef demand in the Caribbean was outstanding in March, and we continued to see a strong rebound in the Middle East as well as some positive signs in Korea and Japan, where the foodservice recovery is making progress", said USMEF President and CEO Dan Halstrom. "It’s a challenging situation in terms of supply availability, but the value U.S. beef commands internationally is very encouraging – as evidenced by March export value climbing to more than $450 per head". March was one of the best months ever for U.S. beef exports to the Caribbean, where shipments climbed 16% from a year ago to 3,398 mt – the third largest on record. Export ...

Source: EuroMeat