Exports up 5% year-on-year
12 September 2023
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Construction on a powerful first-half efficiency, July exports of US beef persisted to outpace year-ago ranges, in keeping with knowledge launched through USDA and compiled through USMEF.
July beef exports totalled 219,014 metric lots (mt), up 5% year-over-year, whilst export worth higher 1% to $628.7 million. In the course of the first seven months of 2023, beef exports have been 13% above final yr’s tempo at 1.69 million mt, valued at $4.67 billion (up 10%).
“Marketplace diversification has been the highest precedence for the USA beef business and the ones efforts are indisputably mirrored once more in those effects,” stated USMEF president and CEO Dan Halstrom. “In July, exports trended decrease to China/Hong Kong, Japan and South Korea, however our Western Hemisphere markets and different locations within the Asia-Pacific persisted to polish. That is precisely the kind of vast world footprint the business must take care of constant export enlargement.”