US beef exports fall to five-year low in July - USMEF
China plant ban drives steep decline in beef trade
July exports of US pork were slightly below last year but accounted for a larger share of production, according to data released by USDA and compiled by the US Meat Export Federation (USMEF). Market access obstacles continued to weigh heavily on exports of US beef, with the vast majority of plants still ineligible to ship to China.
With shipments to China nearly halted due to a lack of eligible plants, July beef exports totalled 89,579 mt, down 19% from a year ago and the lowest in five years. Export value declined 17% to $752.5 million, the lowest since January 2023. From January through July, exports were 8% below last year in volume (691,800 mt) and down 7.5% in value ($5.67 billion).
The decline was largely due to China’s failure to renew registrations for the vast majority of US beef plants and cold storage facilities, most of which expired in March. China has also suspended 11 US beef facilities since June.
“The plant registration impasse with China unfortunately drags on, and it has left US beef essentially shut out of the market after exporters worked through their eligible inventories,” said USMEF President and CEO Dan Halstrom. “Demand elsewhere has remained fairly resilient, even in the face of higher pricing, but restoring access to China is clearly the urgent priority. Export value and share of production exported declined in July, reflecting the loss of competing bids from Chinese buyers.”
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