U.S. Beef Exports to Set a New Record?

Like I mentioned in my other shows this week, I want to point out I have a very resilient flu right now so that is why I sound a little gruff and stuffy today.

2022 U.S. Beef exports is on its way to breaking records by the end of the year. During the National Association of Farm Broadcasting annual meeting in Kansas City I spoke with Jimmy Taylor, a member of the Beef Council.

“We’re on base to set a new record. We set a record last year, with 10.576 billion dollars’ worth of exports. Through the first 9 months of this year, we’re averaging over a billion dollars a month. We’re at 9.12 billion and if we keep that pace up, we’ll end up somewhere around 12 billion dollars.”

“Biggest countries we export to, South Korea is number one, China is number two, China/Hong Kong, and then Japan is number three. Last year each of those countries went over 2 billion dollars in exports.”

“Where we are making a difference is with the smaller, newer countries. We’re developing them at a more rapid pace. That’s where we are getting the dollars to push toward this record.”

Join us next time to hear more from Jimmy Taylor.

Now that is in spite of some of the headwinds we’ve had. You know, inflationary pressures. We’ve seen that in the united states, as well as internationally. There’s still some Covid issues on the Pacific Rim, Japan and South Korea, but especially China, which has a zero-Covid policy… it’s hard to create beef demand if there economy is shut down.”