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 …
Inflation Prompts Some Trading Partners to Cut Tariffs on Red Meat
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 …
April Beef, Lamb Exports Up, Pork Down
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 …
U.S. Beef Exports Top $1 Billion Again
According to new data from the U.S. Department of Agriculture and compiled by the U.S. Meat Export Federation (USMEF).U.S. beef exports maintained a remarkable pace in April, topping $1 billion for the third time this year. U.S. exports of beef totaled 124,408 metric tons (mt) in April, up 3% from a year ago and the fifth largest on record, while …
Highlights from the USMEF Spring Conference
The U.S. Meat Export Federation (USMEF) Spring Conference wrapped up last Friday in San Antonio, Texas. Joe Schuele has more details. More insights from the conference are available on the USMEF website. Sponsored ContentNuseed Carinata Covers New GroundJuly 15, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
Strong Global Demand for Red Meat Tempered by Growing Economic Challenges
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 …
Mexico Suspends Import Duties on Meat and Poultry
As part of its effort to combat food price inflation, the Mexican government has suspended import duties on pork, beef and poultry through the end of 2022. Joe Schuele with the U.S. Meat Export Federation (USMEF) has more details. Sponsored ContentNuseed Carinata Covers New GroundJuly 15, 2024CIR Agriculture Harvester ProductsJuly 1, 2024TriEst Ag Group: Partners in ProfitabilityApril 1, 2024
U.S. Beef Exports Growth Expected to Continue
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 …
Beef Export Value Sets another Record
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) …
USMEF Details Impact of Ukraine War on Global Red Meat Industry
The U.S. Meat Export Federation (USMEF) recently produced a video that details the impact of the war in Ukraine on the global red meat outlook and agriculture in general. USMEF Vice President of Economic Analysis, Erin Borror, details how it is impacting red meat and feed availability both short and long term. She discusses how the conflict is impacting global hog production …