September Red Meat Exports Above Year-Ago
Exports of U.S. beef totaled 103,980 mt in September, up 5% year-over-year, while export value climbed 6% to $843.8 million. September exports of U.S. beef were higher year-over-year, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).
Exports of U.S. beef totaled 103,980 mt in September, up 5% year-over-year, while export value climbed 6% to $843.8 million.
January-September exports increased 5% in value to $7.82 billion, despite volume falling 2% to 960,814 mt.
With the exception of China/Hong Kong, September beef exports trended higher than a year ago in all major Asian markets, while demand remained strong in Mexico and shipments to Central America were the largest in 18 months.
“The tourism rebound in Asia has certainly provided momentum for U.S. beef, especially in Japan, Taiwan and Korea,” USMEF President and CEO Dan Halstrom said. “We also saw impressive growth in the Philippines and Indonesia, which are markets where we see a lot of untapped growth potential.”
Source: USMEF