U.S. Beef Exports Stay Red Hot in July

By Misty Martin on September 29, 2017 @ 4:44am

U.S. beef exports remained well above last year’s pace in July, posting one of the highest monthly export value totals on record. July beef exports totaled 230.4 million pounds, up 5 percent year-over-year, while export value reached $623.7 million – up 18 percent from a year ago and the highest since December 2014. For January through July, exports increased 11 percent in volume (1.6 billion pounds) and 15 percent in value ($3.97 billion) compared to the first seven months of last year. For January through July, beef exports accounted for 12.8 percent of total production and 10 percent for muscle cuts – roughly steady with last year. Export value per head of fed slaughter averaged $299.21 in July, up more than $35 (or 13 percent) from a year ago. Through July, per-head export value was up 9 percent to $273.52.