U.S. beef exports soared to another new value record in August, topping the $1 billion mark for the first time, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF). Led by record shipments to China and the largest exports of the year to Japan, August beef exports totaled 132,577 metric tons (mt). Export volume was up 21% from a year ago and the second largest of 2021, while export value climbed 55% to $1.04 billion.
For January through August, beef exports increased 18% from a year ago to 955,407 mt, with value up 34% at $6.62 billion. Exports also were 6% higher in volume and up 20% in value. In addition to setting new records in China, beef exports also are on a record pace to South Korea and Central America and have rebounded significantly to Mexico.