U.S. beef exports set a new value record in May while also increasing significantly year-over-year in volume, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF).
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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.
Conditions were significantly different in April, 2018 with 34.85 percent of the state in extreme (D3) and exceptional (D4) drought conditions and just 41.72 percent of the state with no drought conditions.