USMEF: Beef exports in the US in August trend higher to Mexico, Taiwan, Middle East, but lower overall

"Beef demand in our major Asian markets seemed to lose a bit of momentum in August, but exports held up well to Mexico, Taiwan and the Middle East", said USMEF President and CEO Dan Halstrom. "The headwinds in Asia remain formidable, but we are encouraged by the region’s ongoing tourism rebound. The late-September removal of Colombia’s restrictions on U.S. beef is also a positive development. While this came too late to impact the August results, it will help bolster fourth-quarter demand in Latin America". Mexico’s demand for U.S. beef remained robust in August, with exports increasing 2% from a year ago in both volume (19,037 mt) and value ($113.2 million). For January through August, shipments to Mexico increased 13% to 153,591 mt, while value climbed 16% to $898.5 million. This included a strong increase in beef variety meat exports, which were up 15% to 81,816 mt, valued at $221.4 million (up 9%). Mexico is the largest volume destination for U.S. beef variety meat. Beef ...