While beef retail prices have cooled a bit in the U.S. from last year’s record domestic demand, export demand remains exceptional. Beef exports totaled 108,501 MT in February and were 105 percent of February 2021. Exports by value were 135 percent of a year ago at $904 million. In the first two months of the year, beef exports by value have been almost $2 billion, 146 percent of the same period in 2021. By volume, 2022 exports are 109 percent of last year at 227,567 MT. In terms of supply, exports so far this year have accounted for more than 14 percent of production, which is slightly below last year’s 14.4 percent, but high demand and a mix of exported products have driven major gains in value.
Exports, especially b...
What You Need to Know Today: There has already been a strong run of flash soybean sales announcements in recent weeks, but more than 1.4 MMT reported this morning is an exceptionally large single-day total with major implications for the market. If the sales to China and unknown destinations w...
On Friday, at 6:57 AM, President Donald Trump announced, via a social media post, a 90-day window during which up to 300,000 metric tons of product for ground beef could be imported outside of tariff-rate quotas—a move aimed at bringing down costs for American consumers. This is the secon...
