U.S. beef exports reach record high in 2018
Beef exports from the U.S. reached a new high in terms of volume and value last year.
2018 also saw an increase in pork exports according to figures from the U.S. Department of Agriculture (USDA).
U.S. beef exports reached 1.35 million metric tons, up 7 percent from 2017 and exceeding the 2011 record by 5 percent.
Export value soared to $8.33 billion, breaking the 2017 record by $1.06 billion.
While demand for U.S. beef has been particularly popular in South Korea with exports increasing 30 percent year-over-year in volume
Dan Halstrom the president and CEO of U.S. Meat Export Federation said:
“There may have been no greater ag trade success story in 2018 than U.S. beef exports to Korea.
“Less than a decade removed from street protests opposing the reopening of this market, Koreans now consume more U.S. beef per capita than any international destination.
“This is a testament to the U.S. beef industry’s strong commitment to the Korean market and the outstanding support received from the U.S. government – through both USDA promotional funding and the negotiation of the Korea-U.S. Free Trade Agreement (KORUS), which has dramatically lowered import duties on U.S. beef.”