Beef exports remain strong
Despite ongoing trade issues, U.S. beef exports continue nearly on par with last year's record pace, according to data released this week by USDA and compiled by the U.S. Meat Export Federation.
USDA trade economist Kamron Daugherty says, that because there's been a surge in export sales of live animals and red meats in the second half of this fiscal year.
Beef exports increased 1% year-over-year in July.
South Korea continued to lead the way for growth with July volume 6% more year over year—a new monthly record.
The USMEF says the Korean market is a remarkable success story and a blueprint for what U.S. beef can achieve.
Last month, the U.S. reached agreement, in principal, on a bilateral trade pact with Japan, the leading value customer for U.S. beef exports.