South Korea continues to be the growth pacesetter for U.S. beef exports, as July volume reached 25,104 mt, or 6% higher compared to last year.
Total beef exports were up 16.8 percent year over year in July contributing to a year to date increase of 15.0 percent for the first seven months of the year.
Meat and poultry exports were a mixed bag, while beef imports were on the rise.
U.S. beef exports remained well above last year۪s pace in July, posting one of the highest monthly export value totals on record.
One unknown hanging over all meat markets is the impact of rising tariffs on meat exports.
Pasture values are increasing at a faster rate than cropland. The trend could continue with on-going profitability in the cattle market.
We're recapping this year's most important issues though a look back at the covers of Drovers magazine.
Exports accounted for 13.7 percent of total beef production in September, reports U.S. Meat Export Federation.