Record Year Expected for US Beef Exporters, USDA Says
U.S. beef exporters should see record numbers this year and expect to “strengthen their position in the global marketplace” as countries roll back COVID-19 restrictions, the U.S. Department of Agriculture Foreign Agricultural Service said in a July 15 report. USDA…
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said U.S. beef exports are forecast to reach a record 1.5 million metric tons, up 16% from last year and 8% above the 2018 high. Exporters should see especially strong demand from South Korea and China and less competition from some other beef exporters, including Australia, which is rebuilding its herd after a multiyear drought.