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). August beef exports totaled 132,577 metric tons (mt), up 21% from a year ago and the second largest volume this year, 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% to $6.62 billion. Exports were also 6% higher in volume and up 20% in value compared to the record pace established in 2018.

“The August export results would be impressive under any circumstances, but achieving these totals despite all the COVID-related obstacles at home and overseas is truly remarkable,” said USMEF President and CEO Dan Halstrom. “Obviously breaking the $1 billion mark in a single month is a huge milestone for U.S. beef, and that’s not possible unless a wide range of markets are hitting on all cylinders,” he said.

Japan, South Korea, China, Mexico and Central America were the main markets for American beef in August.

Source: USMEF