Exports through May established a new record in 2012: $2.155 billion (beating 2011’s prior best by approximately $100 million). Beef exports continue to provide an important source of revenue for the industry and prove supportive for the fed market – adding nearly $19/cwt. or $235/head through May. U.S. cattlemen enjoyed one of the best years ever in terms of beef exports in 2011, ending the year with exports up 27% over 2010. But maintaining and increasing U.S. beef exports in the years to come will become more challenging. What are your thoughts on this chart and the effect of beef exports on producer fortunes? Leave your comments in the comment section below the chart.
Industry At A Glance: Beef Exports Set Record