Exports Continue To Support U.S. Cattle And Beef Prices
U.S. beef exports accounted for 13% of total beef production in January, and 10% of muscle cuts alone. The export value per head of fed slaughter was $219.73, up $14.79 from last year.
Wes Ishmael
March 14, 2014
2 Min Read
Beef exports continued the strong performance of 2013, with January volume increasing 13% and value increasing 16%. According to the U.S. Meat Export Federation (USMEF) this week, the increases were bolstered by double-digit growth to Mexico, Japan and Hong Kong.
Exports accounted for 13% of total beef production in January, and 10% of muscle cuts alone. The export value per head of fed slaughter was $219.73, up $14.79 from last year.
Nevil Speer of Western Kentucky University notes in this week’s “Industry at a Glance