U.S. red meat exports will likely set a value record approaching $20 billion this year, but the industry is facing an array of obstacles related to the sluggish global economy, weakening currencies of key trading partners and lingering effects of the COVID pandemic.
U.S. beef exports again topped $1 billion in July and posted the fifth-largest volume on record, according to data released by USDA and compiled by the U.S. Meat Export Federation.
Demand for takeout and delivery reached new heights in Japan during the pandemic, and the foodservice sector responded by developing new menu ideas for customers.
The U.S. Meat Export Federation recently hosted meat processors from across Latin America at the University of Nebraska-Lincoln
for a further processing seminar.
The latest edition of The Drive In Five, a Cattlemen's Beef Board video series, updates producers on how Beef Checkoff dollars are used to drive beef demand.
An independent study by the Juday Group quantified the returns that red meat exports brought to national corn and soybean producers in 2021, and at state levels for corn- and soybean-producing states.