US beef exports climb to Mexico, Taiwan in July - USMEF

Most other markets trend lower
calendar icon 14 September 2023
clock icon 1 minute read

Beef exports to Mexico continued to gain momentum in July, climbing 31% from a year ago to 17,663 mt. Export value soared 55% in July, reaching $105.1 million, according to data released by USDA and compiled by USMEF

Through the first seven months of the year, exports to Mexico increased 17% to 117,834 mt, valued at $662.6 million (up 24%). Mexico is the leading volume destination for beef variety meat, and those exports have increased at a similar pace – up 18% in volume (61,762 mt) and 24% in value ($175.2 million).

After a slow start in 2023, beef exports to Taiwan have exceeded year-ago levels in three consecutive months. July exports to Taiwan climbed 15% to 5,298 mt, while value increased 2% to $52.2 million. Through July, exports to Taiwan remained 7% below last year’s record pace at 39,090 mt, valued at $379.8 million (down 23%).

Beef exports to Canada posted another strong month in July, with shipments climbing 12% from a year ago to 9,969 mt, valued at $87.2 million (up 17%). January-July exports to Canada increased 2% in both volume (61,933 mt) and value ($504.8 million).

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