July beef exports stay on $1 billion - USMEF

 

The Cattle Site 

15 September 2022

 

Beef exports listed the fifth largest volume on record

 

US beef exports again topped $1 billion in July and posted the fifth-largest volume on record, according to data released by USDA and compiled by the US Meat Export Federation (USMEF). Japan leads broad-based growth in July beef exports

 

July beef exports totaled 126,567 metric tons (mt), up 3% year-over-year. Export value increased 7% to $1.006 billion, topping the $1 billon mark for the sixth time this year. Japan was the pacesetter for July exports, but volumes also increased year-over-year to China/Hong Kong, the ASEAN region, Central America, the Caribbean and Colombia. July exports eased for South Korea and Taiwan, though both markets remain on a record pace in 2022.

 

For the first seven months of the year, beef exports increased 6% from a year ago to 870,471 mt, valued at $7.2 billion (up 29%). Export value per head of fed slaughter is on a record pace at more than $475.00...

 

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