US beef exports show signs of rebound - USMEF

Most Asian markets gained momentum in March
calendar icon 8 May 2023
clock icon 1 minute read

While below last year’s high volume, March beef exports were the largest since October., according to data released by USDA and compiled by USMEF. 

Beef exports totalled 120,495 mt in March, down 5% from a year ago. Export value fell 17% to $892.6 million, but both volume and value were the highest in five months. Through the first quarter, beef exports were down 8% year-over-year to 326,494 mt, valued at $2.35 billion (down 22%).

“US beef exports faced considerable headwinds late last year and at the beginning of 2023, but the March results show some encouraging trends,” said USMEF president and CEO Dan Halstrom. “Most Asian markets showed renewed momentum in March, while exports continued to trend higher to Mexico, the Caribbean and South Africa.”

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