US beef exports hit $4 billion in first half of 2018
08/08/2018
In June, more than 115,000 tonnes of US beef were exported for a value of $718.4 million. These figures represent respective increases of 6% and 19% compared to the same month of 2017.
This helped beef exports set first-half records in both volume and value. During the first six months of 2018, US beef export volume was up 9% year on year to nearly 663,000 tonnes. The value of these exports was just over $4 billion, up 21% compared to the same period of 2017. Exports accounted for 13.5% of total beef production in the year to June.
"It's remarkable to think that as recently as 2010, beef exports for the entire year totalled $4 billion, and now that milestone has been reached in just six months," said Dan Halstrom, USMEF president and CEO. "This should be a source of great pride for the beef industry, which has remained committed to expanding exports even when facing numerous obstacles. And with global demand hitting on all cylinders, there is plenty of room for further growth."
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