Strong March results capped an excellent first quarter for U.S. red meat exports, according to data released by USDA and compiled by the U.S. Meat Export Federation (USMEF), as beef exports set a new monthly value record in March and pork export value reached the second-highest level on record.
The United States is exporting a strong share of its beef and pork production at higher prices — a clear sign of solid international demand.
In Taiwan, exports increased 34 percent year-over-year in volume (13,067 mt) and 48 percent in value ($126.7 million). This included a 61 percent increase in chilled beef exports to 5,860 mt, valued at $74.4 million (up 72 percent). The United States holds 74 percent of Taiwan’s chilled beef market, the highest of any Asian destination.
Joe Schuele, VP of Communications with the U.S. Meat Export Federation tells us more on American Cattle News:
