IARN — U.S. beef exports set annual records for both volume and value in 2022, according to year-end data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Pork exports finished lower year-over-year, but export value was the third largest on record, led by an outstanding performance in Mexico.
USMEF President and CEO Dan Halstrom said that beef export value reached $11.7 billion, a 10% increase over 2021, despite significant headwinds. Several key markets maintained COVID-related restrictions that hampered demand in the foodservice sector and key trading partner currencies slumped versus the U.S. dollar late in the year.
For more on this story visit the Iowa Agribusiness Radio Network.
Photo courtesy of U.S. Meat Export Federation
