US Beef Exports Remain High and Energy Prices to Remain High

US Beef Exports Remain High and Energy Prices to Remain High

Bob Larson
Bob Larson
From the Ag Information Network, I’m Bob Larson with the Agribusiness Update.

**Rhonda Larson of East Grand Forks, Minnesota, started her term as Chair of the U.S. Wheat Associates Board of

Directors on June 8 at the group’s annual meeting here in the Pacific Northwest, in Bend.

Michael Peters of Oklahoma is the new Vice-Chair, and Darren Padget, of Grass Valley, Oregon, will serve for one year as the Past Chair.

USW is the market development organization for the U.S. wheat industry.

**The U.S. Meat Export Federation says U.S. beef exports maintained a remarkable pace in April, surpassing $1 billion for the third time in 2022.

Beef exports totaled just over 124,400 metric tons in April, 3% higher than last year and the fifth-largest on record.

Export VALUES soared 33% over last year to $1.05 billion, second only to the March total of $1.07 billion.

USMEF President Dan Halstrom say, global demand for U.S. beef continues to overcome challenges like inflation, logistics, and recent lockdowns in China.

**The U.S. Energy Information Administration forecasts a variety of U.S. energy prices will remain historically high through 2023.

The outlook includes oil, natural gas, coal, and electricity, as seen in EIA’s June 2022 Short-Term Outlook.

EIA Administrator Joe DeCarolis says, although we expect the current upward pressure on energy prices to lessen, high energy prices will likely remain prevalent this year and next."

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