U.S. net beef exports have been increasing. South Dakota State University Economics Professor Darrell Mark says historically the U.S. has been a net importer of beef on a volume basis. For a long time, he tells Brownfield, we’ve exported more dollar value of beef and veal than we’ve imported but on a volume basis that hasn’t been the case until about 2010.
But for the past few months, he says Commerce data shows that net exports have been growing, “In fact, in July 2013 – which is the most recent month we have data for – net exports grew to about 72.3 million pounds and so far for the year we’re at about 420 Million pounds in net exports. In other words, more exports than imports.”
Japan lifting its BSE-based ban on beef imports has made a big difference, Mark says, but so have changes in other countries, “For example, we’ve been exporting more to Canada and Mexico in the last several months because they’ve liquidated their herds in both Canada and Mexico – Mexico especially due to drought over the course of the last couple of years.”
U.S. Beef exports in July to Japan – at 80.5 Million pounds –were the highest since October 2003.
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