Another Billion-Dollar Month for Beef Exports

The U.S. Meat Export Federation says U.S. beef exports maintained a remarkable pace in April, surpassing $1 billion for the third time in 2022. 

Beef exports totaled just over 124,400 metric tons in April, three percent higher than last year and the fifth-largest total on record, export values soared 33 percent higher than last year to $1.05 billion. That trails only the record $1.07 billion total from March. 

“Global demand for U.S. beef continues to overcome enormous obstacles like inflationary pressures, logistical challenges, and recent lockdowns in China,” says USMEF President and CEO Dan Halstrom. April pork exports totaled 212,800 metric tons, 21 percent less than the large volume reported last year. 

Pork export value dropped 20 percent from a year ago to just over $600 million. 

Exports to top destination Mexico continue to run strong while a sharp decline in Chinese demand weighs on the market. 

April lamb exports increased 37 percent from 2021.

(Story Courtesy of the NAFB News Service)