As countries roll back COVID-19 restrictions, foreign market demand for beef is becoming a bright spot for U.S. producers. With record U.S. beef production forecast this year, U.S. beef exports are forecast to strengthen their position in the global marketplace. Meanwhile, lower production in Australia and tighter exportable supplies from Argentina are expected to limit the global availability of beef. For 2021, U.S. beef exports are forecast to reach a record 1.5 million metric tons (mt) carcass weight equivalent (cwe), up 16 percent compared to last year and 8 percent above the 2018 high.
Banner Year for U.S. Beef Exports in 2021
Por Hélio Sirimarco