Considerable increase of U.S. beef exports

by Editor
Monday, December 17, 2007

The U.S. Department of Agriculture (USDA) reported a 19% increase of the U.S. beef exports from January through October 2007.

According to USDA statistics compiled by the U.S. Meat Export Federation the volume of U.S. beef exports increased by 19% to 639,549 metric tons whereas value raised 30% to $2.172 billion compared to a year ago.

Exports of beef cuts excluding variety meat increased to 385,724 metric tons (+26%) and valued at $1.669 billion (up 34%).

Although decreasing in volume by 3% to 298,407 metric tons in the January-October period Mexico is still the largest export market for U.S. beef. The value of those exports rose 3 percent to $993.44 million.

With 34% in volume a remarkable increase of U.S. beef products has been seen to Canada reaching 106,353 metric tons which valued at $486.53 million (up 37%)

Japan remains the third largest market by value despite the 20-month age restriction, with exports of all beef products reaching 39,775 metric tons valued at $206.28 million. Even though South Korea was only open to U.S. beef for a few intermittent months, it is currently the fifth largest market for beef product exports at 25,055 metric tons from January through October worth $118 million.