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Data released by the U.S. Department of Agriculture (USDA) reveals that beef exports have climbed to the US$1 billion mark in August, driven by record shipments to China and Japan.
August beef exports totalled 132,577 metric tons, while export volume was up 21% from a year ago and the second largest of 2021, with export value climbing by 55% to US$1.04 billion.
From January to August, U.S. beef exports have increased 18% year-on-year, with value up 34%. Exports were also 6% higher in volume and up 20% in value compared with the record pace established in 2018. In addition to setting new records in China, beef exports are also on a record pace to South Korea and Central America and have rebounded significantly to Mexico.