U.S. pork exports posted the third largest month on record in February while U.S. beef exports also recorded double-digit gains from a year ago, according to data released by USDA and compiled by USMEF.
Sharply higher beef cutout values produced windfall profits for beef packers last week while cattle feeders saw closeouts with average losses about steady, according to the Sterling Beef Profit Tracker.
The USDA Food Safety and Inspection Service has updated its Export Library for China to reflect expanded access for U.S. beef and pork. These changes were negotiated in the U.S.-China "Phase One" trade agreement.
USMEF President and CEO Dan Halstrom explains that when implemented, USMCA will solidify trade relations in North America and preserve duty-free access to Canada and Mexico for U.S. pork, beef and lamb.