Beef exports totaled 112,842 metric tons (mt) in November, up 1% from a year ago, while value climbed 6% to $709.2 million. At $7.63 billion, beef export value was up 16% and has broken the full-year record set in 2017.
As cattle supplies remain tight and global demand intensifies, profitability for cattle ranchers will continue in the year ahead.
Exports accounted for 13.7 percent of total beef production in September, reports U.S. Meat Export Federation.
U.S. beef exports set new records in August with export value topping $750 million for the first time.
March beef export value was $693.1 million, up 18 percent year-over-year
U.S. beef exports remained on a record-shattering value pace in October, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).
Red meat exports in the first half of 2018 were a cause of celebration for U.S. livestock producers—and kept prices afloat during expansion.
U.S. beef exports through August are down form 2018's record pace, yet exports still account for 14% of total U.S. beef production.