U.S. beef exports averaged over $1 billion per month through September, a record year, a fact that plays a significant role in the value of cattle for U.S. ranchers.
Overall US beef demand is down slightly compared to 2020 and 2021, showing how important these export markets have been (for US producers). ”
Although September data showed some headwinds for beef (down 7% in both volume and value), beef exports in the first nine months of 2022 remained at 1.12 million tonnes.
Exports rose 20% to $9.12 billion, reaching the second highest total for a calendar year only after the record set in 2021 ($10.58 billion).
