USA: Beef exports set all-time record

Published 2023년 3월 22일

Tridge summary

Global beef exports have reached a record high in both volume and value, with the U.S. seeing a 15% increase in 2022 compared to 2021, generating $1.24 billion of the total $11.68 billion in beef exports. The demand is mainly for beef variety meats, which increased by 15% in 2022. The U.S. Meat Export Federation and Cattlemen’s Beef Board are working to expand international demand for U.S. beef. In 2022, the U.S. exported 1.47 metric tons of beef, with Japan, China/Hong Kong, and South Korea as the top three markets. The article also discusses the challenges and opportunities posed by the increase in meat exports, including the need to utilize underutilized cuts and the potential impact on feedstuffs demand.

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

Original content

Global beef exports have hit an all-time record for volume and value, adding more value to U.S. beef cattle and providing markets for products not currently used in this country. Those international markets for beef variety meats boosted exports by 15% in 2022 compared to 2021, accounting for $1.24 billion of the total $11.68 billion in U.S. beef exports. John Hinners, senior vice president of industry relations for the U.S. Meat Export Federation, says, “Beef exports add nearly $450 per head of fed slaughter value. Global export value is up 10% from the previous record and nearly 40% above the previous five-year average.” Related: Rabobank: China’s reopening provides opportunities for beef Total U.S. beef exports in 2022 hit 1.47 metric tons. The top eight importers of U.S. beef include South Korea, China/Hong Kong, Taiwan, the Philippines, Singapore, Colombia, Guatemala and the Dominican Republic. “Exports are at all all-time high in both volume and value,” says Norman Voyles ...

Source: Beefmagazine