U.S. Beef Exports Increase, Cattle Prices Follow Suit

The world appears to be regaining its taste for American beef.

The world appears to be regaining its taste for American beef.

The U.S. Meat Export Federation reports that during the first quarter of this year, beef exports were up 22% in volume, to 346 million lbs., from the same period last year.

Those increased exports are helping boost prices for cattle producers 10% to 15% this year, an increase that is expected to reach consumers in the supermarket.

Beef exports amounted to 10.6% of overall beef production in March, compared with 9.4% in the same month a year earlier.

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