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.
U.S. pork exports had an impressive month in April, and the news was even better for U.S. beef.
After an encouraging performance in April, exports of U.S. beef lost momentum in May.
JBS SA, the world’s biggest beef producer, is counting on steak-hungry consumers in Asian nations to help propel total exports past $10 billion for the first time this year.
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U.S. exporters are benefiting from declining Australian supplies and Japan could be the fastest-growing Asian market for U.S. beef.
Australian beef exports to China grow six-fold in three years.