August beef exports soar to new heights

October 9, 2018 – US beef exports set new records in August with export value topping $750 million for the first time, according to data released by USDA and reported today by the US Meat Export Federation (USMEF).

beef, port exports

According to the USMEF, August exports accounted for 13.2 percent of total beef production, up from 12.5 percent a year ago.

“US beef exports continue to achieve tremendous growth, not only in our mainstay Asian markets but in the Western Hemisphere as well,” said USMEF President and CEO Dan Halstrom.

“USMEF is excited about the recent market access developments achieved by the Office of the U.S. Trade Representative (USTR) and USDA, with favorable terms being preserved in Mexico, Canada and South Korea and trade talks getting underway with Japan. A trade agreement with Japan would bring opportunities for even greater expansion as U.S. beef becomes more affordable for Japanese consumers and is back on a level playing field with Australian beef,” said Mr. Halstrom.

August pork exports were fairly steady with last year’s volume, but retaliatory duties in key markets continued to pressure pork export value, the USMEF pointed out in its report today.

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