Record Beef Exports for the US

[Harpy Eagle]

A review of U.S. red meat exports

WASHINGTON — U.S. beef exports soared to another new value record in March, reaching $1.07 billion, according to data released by USDA and compiled by the U.S. Meat Export Federation […]

www.morningagclips.com

U.S. beef exports soared to another new value record in March, reaching $1.07 billion, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Dan Halstrom, USMEF president and CEO, reports that beef exports raced to a record pace in the first quarter, topping $3 billion, led by top markets South Korea, Japan and China/Hong Kong. But Halstrom cautions that exports to China have slowed during recent COVID lockdowns, and second quarter results will show more of an impact. He adds that strong beef demand in Latin America and a rebound in the Middle East have also contributed to broad-based export growth in 2022.

March pork exports were the largest since November but well below the record-large totals posted in March 2021. First quarter exports to Mexico and the Dominican Republic are on a record pace and export value to South Korea increased significantly, fueled in part by Korea’s growing demand for chilled U.S. pork.

Lamb exports continued to gain momentum in March, reaching the third largest monthly volume on record and the highest value in nearly eight years, led by growth in Mexico and rebounding foodservice demand in the Caribbean.


Good news all around for the Ag industry.

 

[1srelluc]

Meanwhile at home a 3# chuck roast is $18.00.....$19.06 with the food tax the dems won't give us a break from.

 

[Muhammed]

Only Democrats and RINOs think sending our food to China is a good thing.

Xi owns Biden.

 

[johngaltshrugged]

A review of U.S. red meat exports

WASHINGTON — U.S. beef exports soared to another new value record in March, reaching $1.07 billion, according to data released by USDA and compiled by the U.S. Meat Export Federation […]

www.morningagclips.com

U.S. beef exports soared to another new value record in March, reaching $1.07 billion, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Dan Halstrom, USMEF president and CEO, reports that beef exports raced to a record pace in the first quarter, topping $3 billion, led by top markets South Korea, Japan and China/Hong Kong. But Halstrom cautions that exports to China have slowed during recent COVID lockdowns, and second quarter results will show more of an impact. He adds that strong beef demand in Latin America and a rebound in the Middle East have also contributed to broad-based export growth in 2022.

March pork exports were the largest since November but well below the record-large totals posted in March 2021. First quarter exports to Mexico and the Dominican Republic are on a record pace and export value to South Korea increased significantly, fueled in part by Korea’s growing demand for chilled U.S. pork.

Lamb exports continued to gain momentum in March, reaching the third largest monthly volume on record and the highest value in nearly eight years, led by growth in Mexico and rebounding foodservice demand in the Caribbean.


Good news all around for the Ag industry.

Just like sending our strategic oil reserves overseas is good news for the oil industry.
Doesn't do anything for the consumers here paying record prices for food or gas but this is somehow good news

 

[Harpy Eagle]

Just like sending our strategic oil reserves overseas is good news for the oil industry.
Doesn't do anything for the consumers here paying record prices for food or gas but this is somehow good news

The price of freedom my little buddy. Do you suggest the Fed Govt should not allow this to happen?

And yes, as one that works in the Ag industry, this is good news.

 

[JohnDB]

A review of U.S. red meat exports

WASHINGTON — U.S. beef exports soared to another new value record in March, reaching $1.07 billion, according to data released by USDA and compiled by the U.S. Meat Export Federation […]

www.morningagclips.com

U.S. beef exports soared to another new value record in March, reaching $1.07 billion, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Dan Halstrom, USMEF president and CEO, reports that beef exports raced to a record pace in the first quarter, topping $3 billion, led by top markets South Korea, Japan and China/Hong Kong. But Halstrom cautions that exports to China have slowed during recent COVID lockdowns, and second quarter results will show more of an impact. He adds that strong beef demand in Latin America and a rebound in the Middle East have also contributed to broad-based export growth in 2022.

March pork exports were the largest since November but well below the record-large totals posted in March 2021. First quarter exports to Mexico and the Dominican Republic are on a record pace and export value to South Korea increased significantly, fueled in part by Korea’s growing demand for chilled U.S. pork.

Lamb exports continued to gain momentum in March, reaching the third largest monthly volume on record and the highest value in nearly eight years, led by growth in Mexico and rebounding foodservice demand in the Caribbean.


Good news all around for the Ag industry.

Actually just Good news for the American ag industry.

Brazil had a nasty drought this past winter (their summer growing season)

India and Nigeria amd Ethiopia all have had 30-40% crop reduction in production this past year due to fertilizer and rain issues.

The USA is meanwhile having a bumper crop of production...so they are going to get great prices again this year like they did last year for their production....

Except for citrus where the greening virus is destroying their crops and trees. And they are having issues getting peat from Canada due to outrageous diesel prices. ,(Tree produced fruits are started in peat...so since new trees are not getting planted its gonna end soon)
Then that whole war in Ukraine....that knocks out oats, sunflower, corn, and wheat...

Soybeans and rice are going to rise very soon....then the whining is going to start in earnest. That's when everyone is going to start really fighting over groceries.

 

[1srelluc]

LOL.....Make rustling great again.

 

[Mac-7]

Meanwhile at home a 3# chuck roast is $18.00.....$19.06 with the food tax the dems won't give us a break from.

Thank that wonderful global economy that libs are so fond of