News

Beef Exports Soar

Beef Exports Soar

Spencer, IA: (Apr. 29, 2014) – Beef became the most valuable U.S. meat export for the first time in a decade in 2013, with the $6 billion in trade receipts up more than 12 percent from the year before, and greater than those for pork and poultry.

Actual shipped quantities of beef were only 3.6 percent higher on the year, so the chief driver of the rise in receipts was higher beef prices.

Still, analysts say the fact that sales tonnage increased despite higher beef values bodes well for the cattle industry.

Shipments in 2014 are already running at the fastest pace since 2003, with the traditional peak period in beef shipments still ahead.

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