Led by South Korea, Japan, Taiwan and Latin America markets, July beef exports climbed 12% in volume to 116,575 mt, valued at $722 million – up 16% from a year ago and just slightly below the May 2018 record.
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Strong June results capped a huge first half of 2018 for U.S. beef exports. June pork exports were lower than a year ago for the second consecutive month, but first-half volume and value are ahead of last year’s pace.
Policy news grabbed the headlines yesterday, as USDA Secretary Sonny Perdue announced a $12 billion relief package for farmers impacted by tariffs. Beef leaders say they look forward to reviewing the details.