Beef exports posted one of the best months on record in September, with value climbing nearly 60% above last year. It continued to soar in September at 123,628 metric tons (mt), up 20% from a year ago and the fourth largest volume of the post-BSE era. Export value jumped 59% to $954.1 million – the second highest month on record, trailing only August 2021.
For the first three quarters of 2021, beef exports increased 18% from a year ago to 1.08 million mt, valued at $7.58 billion – up more than $2 billion (36%) from the same period last year. Compared to the record year of 2018, January-September exports were 7% higher in volume and up 24% in value.
Beef exports on pace to top $2 billion in three Asian markets
China has been a major source of growth for U.S. beef exports in 2021, with exports through September climbing 672% from a year ago to 138,041 mt, while export value was up 761% to $1.12 billion. Combined exports to China and Hong Kong were up 131% through September at 176,694 mt, valued at $1.49 billion – already shattering the previous value record of $1.15 billion set in 2014.
Source: TheCattleSite News Desk