US beef exports below a year ago - USMEF

Export value dropped 16% over last year
calendar icon 12 April 2023
clock icon 1 minute read

US beef exports were lower year-over-year but improved from the low totals posted in January,  according to data released by USDA and compiled by the US Meat Export Federation (USMEF).

Beef exports totalled 105,057 mt in February, down 3% from a year ago, while export value dropped 16% to $757.8 million. For the first two months of the year, exports were down 9% from last year’s large volume to just under 206,000 mt, while export value dipped 24% to $1.46 billion.

“On the beef side, it was encouraging to see a modest rebound compared to January,” said USMEF president and CEO Dan Halstrom. “With Asian markets continuing to ease indoor mask mandates and eliminate travel restrictions, we expect to see a continued boost in restaurant traffic and foodservice demand as the year progresses.”

© 2000 - 2024 - Global Ag Media. All Rights Reserved | No part of this site may be reproduced without permission.