LUBBOCK, TEXAS (RFD NEWS) — U.S. beef exports declined in February, but strong demand for variety meats helped support overall value per head. Data from the USDA and the U.S. Meat Export Federation show global demand remains uneven, with market access continuing to shape trade flows.
Total beef exports fell 13 percent year-over-year to 85,066 metric tons, while export value dropped 10 percent to $722.7 million. Much of the decline was tied to continued limited access to China, along with softer shipments to key markets like Japan, South Korea, and Canada.
Despite weaker muscle cut exports, variety meats stood out. Shipments increased 12 percent from a year ago, while value surged 40 percent to $106 million. USMEF analysis highlights that these products play a critical role in maximizing carcass value.
Demand outside China remains supportive. Exports to Mexico, Taiwan, the Caribbean, and South America all improved, while demand in the Middle East and Central America held steady.
Farm-Level Takeaway: Variety meat demand is helping offset weaker beef exports.
Tony St. James, RFD NEWS Markets Specialist
November 10, 2023 02:32 PM
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