USMEF: 2022 A Good Year For Beef Exports

After recording huge numbers in 2021, beef export figures came back to earth in November 2022.  But the news is far from bad, according to U.S. Meat Export Federation President and CEO Dan Halstrom.  He noted while beef exports were down year-over-year in November, several markets set new yearly value records in just 11 months.

“Korea, China/Hong Kong and Taiwan lead the way there.  The other thing of note here is that the Asian markets, the last couple of months, have been performing relatively well given some of the headwinds, not the least of which is the strong U.S. dollar.  We were a little bit worried about November, just because of the strong dollar and in the case of Korea, China/Hong Kong and Taiwan, it's kind of still kind of proved us wrong that the demand is still outweighing some of these headwinds.”

Halstrom added that through November U.S. beef exports reached nearly $11 billion for the year, already eclipsing the $10.6 billion annual record set the previous year, with one month still to be counted.  Halstrom added, thanks primarily to Mexico, exports of U.S. pork saw continued growth in November, posting the largest volume and value numbers of the year.

If you have a story idea for the PNW Ag Network, call (509) 547-9791, or e-mail glenn.vaagen@townsquaremedia.com