News

United States: Beef exports below year-ago, according to the USMEF

Frozen Bone-In Beef
Meat
United States
Published Apr 11, 2023

Tridge summary

Beef exports totaled 105,057 mt in February, down 3% from a year ago, while export value dropped 16% to $757.8 million, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).

Original content

For the first two months of the year, exports were down 9% from last year’s large volume to just under 206,000 mt, while export value dipped 24% to $1.46 billion. "On the beef side, it was encouraging to see a modest rebound compared to January", said USMEF President and CEO Dan Halstrom. "With Asian markets continuing to ease indoor mask mandates and eliminate travel restrictions, we expect to see a continued boost in restaurant traffic and foodservice demand as the year progresses". Beef export volume steady to Japan and Korea, trends higher to Mexico February beef exports to Japan edged modestly higher in volume, increasing 1% from a year ago to 23,876 mt, while value fell 19% to $161.7 million. For the first two months of the year, exports to Japan were steady with last year at 46,332 mt, but were down 20% in value to $306.6 million. Exports to South Korea followed a similar trend, edging slightly higher in February to 19,382 mt (up 2%), but value declined 22% to $153.3 ...
Source: EuroMeat
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.