Ag Informer – US Beef Exports hit All-Time High

Global beef exports have hit an all-time record for volume and value, adding more value to U.S. beef cattle and providing markets for products not currently used in this country.

Those international markets for beef variety meats boosted exports by 15% in 2022 compared to 2021, accounting for $1.24 billion of the total $11.68 billion in U.S. beef exports.

John Hinners, senior vice president of industry relations for the U.S. Meat Export Federation, says, “Beef exports add nearly $450 per head of fed slaughter value. Global export value is up 10% from the previous record and nearly 40% above the previous five-year average.”

Total U.S. beef exports in 2022 hit 1.47 metric tons. The top eight importers of U.S. beef include South Korea, China/Hong Kong, Taiwan, the Philippines, Singapore, Colombia, Guatemala and the Dominican Republic.