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.
1 pound beef Top Sirloin Steak Boneless, cut 1 inch thick
4 cups assorted fresh vegetables, such as sugar snap peas, broccoli florets, bell pepper and carrot strips
1 clove garlic, minced
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.
Japan and Australia reached broad agreement on bilateral trade after seven years of wrangling, in a pact that will lower or eliminate tariffs.
Pork exports continue to maintain a record pace in 2020, increasing 10% year-over-year in September. Beef exports were fairly steady with last year in major Asian markets, but trended lower overall.
Investors in a proposed beef processing plant say they are close to choosing a site in the western Nebraska panhandle for the project.
Agricultural markets will be impacted by world population growth, economic growth and the expanding middle class, African Swine Fever and the development of alternative proteins.