Strong value increases were also achieved in other key markets, including Taiwan, the Caribbean, Central America and the ASEAN. Exports of beef variety meat were the largest in nearly two years, led by larger shipments to Mexico, Egypt, Canada and China/Hong Kong.

“Demand for U.S. beef came on strong in the Asian markets late last year, and that momentum largely continued in January,” said USMEF President and CEO Dan Halstrom. “The performance in Korea is especially encouraging, given the country’s political turmoil and slumping currency. It is also gratifying to see exports trending higher to China, though we are concerned about access to the market moving forward, as many U.S. beef and pork plants are awaiting word on their eligibility beyond mid-March.”

Duty-free access to Mexico, Canada and other free trade agreement partners has definitely underpinned global demand for U.S. red meat and delivered essential returns at every step of the supply chain. The majority of U.S. red meat exports are to countries with which we have trade agreements. Maintaining trust and access to these markets is critical to the continued success of the U.S. industry.”

Source: USMEF