Slow start for US beef exports - USMEF
Shipments well below the large totals from a year ago
17 March 2023
1 minute read
By: US beef exports were record-breaking in 2022 but slowed late in the year, according to data released by the US Department of Agriculture and compiled by the US Meat Export Federation (USMEF). This trend continued in January, as shipments were well below the large totals from a year ago.
Beef exports declined to several major destinations in January, though shipments increased sharply to Mexico, the Dominican Republic, the Philippines and Africa. January volume fell 15% year-over-year to 100,942 mt, valued at $702.3 million (down 32%).
Beef inventories swelled in some key markets near the end of last year, contributing to a challenging environment for US exports.
“While beef exports are off to a slow start in 2023, we remain optimistic that post-COVID foodservice demand will strengthen in additional markets as the year progresses,” said USMEF president and CEO Dan Halstrom.
