Export quantity up 5% over ultimate 12 months
19 January 2024
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Fuelled through document performances in Mexico, Central The united states and Colombia, November exports of US beef reached the absolute best price since mid-2021, in step with knowledge launched through USDA and compiled through america Meat Export Federation (USMEF).
November beef exports totalled 258,601 metric heaps (mt), up 5% from a 12 months in the past and the absolute best in six months. Export price was once up 2% to $737.4 million, the absolute best since Might 2021 and the 7th absolute best on document. For January thru November, exports totaled 2.64 million mt, up 8% from a 12 months in the past, valued at $7.39 billion (up 5%).
“The momentum for US beef exports is exceptional and really broad-based,” stated USMEF President and CEO Dan Halstrom. “Whilst Mexico accounts for far of the previous 12 months’s export enlargement, there are good fortune tales all through the Western Hemisphere and throughout all the globe. And the approaching 12 months additionally seems very promising in each established and rising markets.”