usmef

Beef Exports Set New Monthly Records

Dan Beef, Cattle, Exports/Imports, Pork, Sheep-Goats

New data released by the U.S. Department of Agriculture (USDA) and compiled by the U.S. Meat Export Federation (USMEF), shows U.S. beef exports set new volume and value records in May. Exports reached 135,006 metric tons (mt), up 1% from the previous high posted in May 2021. Export value climbed 20% to $1.09 billion, breaking the March 2022 record. USMEF President and CEO, Dan …

red meat exports

Study Shows Red Meat Exports Deliver Value to Corn, Soybean Producers

Dan Beef, Cattle, Corn, Exports/Imports, Field Crops, Livestock, Soybeans

Record level red meat exports of $18.7 billion last year, had a major impact on the corn and soybean industries, according to an independent study by the Juday Group. The study quantified the returns that red meat exports brought to corn and soybean producers in 2021. Corn and soybean growers support the international promotion of U.S. pork, beef and lamb …

tariffs

Inflation Prompts Some Trading Partners to Cut Tariffs on Red Meat

Dan Beef, Cattle, Economy, Exports/Imports, Livestock, Pork, Tariff

South Korea is the latest country to suspend import duties on pork and other food items in an effort to combat inflation. They join Mexico, the Philippines, Taiwan, Vietnam and Brazil in reducing or eliminating tariffs on certain food items to lower consumer prices. And while these tariff reductions sometimes benefit global competitors more than U.S. red meat, the overall …

usmef

April Beef, Lamb Exports Up, Pork Down

Dan Beef, Cattle, Exports/Imports, Pork, Sheep-Goats

The latest red meat export report from the U.S. Department of Agriculture show beef exports maintained a remarkable pace in April, topping $1 billion for the third time this year. USMEF Meat Export Federation (USMEF) President and CEO, Dan Halstrom, offers insight into what continues to drive global demand for U.S. beef. Beef exports totaled 124,408 metric tons (mt) in …

red meat exports

Strong Global Demand for Red Meat Tempered by Growing Economic Challenges

Dan Beef, Cattle, Livestock

The U.S. Meat Export Federation (USMEF) Spring Conference has been taking place this week in San Antonio, Texas. During the event, USMEF President and CEO Dan Halstrom gave an overview of first quarter red meat export results, which were impressive despite mounting economic and logistical challenges. Halstrom said, “To date, demand for U.S. red meat has been as strong as I’ve ever seen …

usmef

U.S. Beef Exports Growth Expected to Continue

Dan Beef, Cattle, Exports/Imports, Marketing, Pork

We recently told you that U.S. beef exports saw another new value record in March. They totaled 126,285 metric tons, up 1% from a year ago and the third largest on record, while the value was up 33% to a record $1.07 billion. Vice President for Economic Analysis at the U.S. Meat Export Federation (USMEF), Erin Borror, says every month it continues to …

Export

Beef Export Value Sets another Record

Dan Beef, Cattle, Economy, Exports/Imports

According to new data released by the U.S. Department of Agriculture (USDA) and compiled by the U.S. Meat Export Federation (USMEF), U.S. beef exports soared to another new value record in March. Pork exports that month were the largest so far this year, but well below the record-large totals posted in March 2021. Beef exports totaled 126,285 metric tons (mt) …