New historical record in the value of US beef exports

Published 2022년 12월 12일

Tridge summary

In the first 10 months of 2022, the value of beef exports hit a record high, with a 18% increase compared to the same period in the previous year, generating a benefit of $10,000 billion. The volume of shipments totaled 1.2 million tons, a 4% increase year-on-year, despite a 3% decrease in price. The United States Meat Exporters Federation (USMEF) reported an 8% increase in shipments of bovine meat in October. Despite a weak purchasing power of importers due to currency fluctuations, the Japanese and South Korean markets absorbed 260,318 tons and 244,052 tons of beef, respectively, seeing a 4% decrease and 5% increase in value respectively. Exports to China also increased by 23% in volume and 32% in income generated.
Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

During the first 10 months of 2022, the value of beef exports set a new historical record, derived from an 18% increase compared to the same period last year, generating an economic benefit of 10,000 billion dollars. Figures from the United States Meat Exporters Federation (USMEF) indicated that the volume of shipments in this period was made up of 1.2 million tons, which in interannual terms was 4% higher. Only in October, an increase of 8% in shipments Specifically in October, 125,466 t were positioned abroad. of bovine meat, reflecting a growth of 8%, although with a contraction of 3% in its price, closing with 929.8 million dollars. Dan Halstrom, president of the organization, described these results as positive, taking into account that the currencies in Japan and South Korea —its two main destinations— reached their lowest level recorded in decades, being weak against the dollar, which affected the purchasing power of importers. YOU MAY BE INTERESTED: The global economic ...
Source: Ganaderia

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