July 24, 2024

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US Beef Exports Rise in Apr/24 • DBO Portal

US Beef Exports Rise in Apr/24 • DBO Portal

North American beef exports totaled 111,580 tonnes in April/24, a slight increase compared to results obtained in the previous year and the highest volume since June 2023, the portal said. beefmagazine.comBased on data published by the United States Meat Export Federation (USMEF).

The value of exports rose 5% to USD 898.7 million in April/24 – the highest since June.

According to the federation, exports to Mexico reached a three-year high, while exports to several markets in the Western Hemisphere, Japan and the Middle East showed an upward trend.

Photo: Reproduction

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In the first four months of 2024, the value of beef exports increased by 5% to US$3.38 billion compared to the same period last year, despite a 3% decline in volume (423,445 tonnes).

“Mexico continued to shine, along with the Caribbean, Central America and the Middle East”USMEF President Dan Hallstrom added: “These markets are favored by demand for food services and exchange rate advantages compared to key Asian markets”.

“Headwinds are blowing in Asia, but Japan’s tourism boom has helped stabilize demand and exports have stabilized this year despite continued yen weakness and strong competition from Australia.”Highlighting the confederation.

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