South Korea is currently the leading value market for U.S. beef exports, with shipments on pace to possibly reach $3 billion this year. But rising food prices are a concern in Korea, and the government is taking steps to ease the burden on consumers. As part of this effort, Korea recently opened a 100,000 metric ton duty-free quota on imported …
Beef Exports Continue Red-Hot Pace
According to new data compiled by the U.S. Meat Export Federation (USMEF), U.S. beef exports remained on a red-hot pace in June, topping $1 billion for the fifth time this year. June exports of U.S. pork remained below last year’s large totals, while lamb exports continued to trend higher. Numbers from the U.S. Department of Agriculture note June beef exports totaled 130,638 …
Beef Variety Meat Exports are at a Record Pace
Record-breaking U.S. beef exports was a hot topic at this week’s Cattle Industry Summer Business Meeting in Reno, Nevada. This includes strong interest in exports of beef variety meat. During a session highlighting checkoff-funded efforts to expand beef demand, U.S. Meat Export Federation (USMEF) Senior Director of Marketing Programs, Scott Reynolds, detailed how international demand for specific beef variety meat items helps …