US beef exports edge higher in March - USMEF
Export value hits highest level since JuneExports of US beef trended higher year-over-year in March, according to data released by USDA and compiled by the US Meat Export Federation (USMEF). Beef export value was the highest since June.
March beef exports totalled 109,330 metric tons (mt), up 1% from a year ago, while export value reached $922 million – up 4% and the highest since June. First-quarter exports were slightly below last year’s pace at 310,368 mt, but increased 2% in value to $2.53 billion.
“Despite a great deal of uncertainty, global demand for US beef remains robust and resilient,” said USMEF president and CEO Dan Halstrom.
“The March export results confirm this, with demand trending higher in Taiwan and Mexico, reaching record levels in Central America and holding up well in Japan and Korea," he added. "Although we anticipate that China’s retaliatory tariffs and expired plant registrations will have a more drastic impact on April and May exports, the US industry’s efforts to diversify markets and broaden US beef’s global footprint are definitely paying dividends."