U.S. beef exports increased 2.1 percent year over year in May, contributing to a 5.9 percent year over year increase for the first five months of the year. Beef exports are growing more slowly so far this year, but the increase is on top of record exports in 2021. Forecasts suggest that total beef exports for the year may end up about equal to last year or down slightly. The strong U.S. dollar may provide additional headwinds for beef exports going forward.
The six major markets for beef exports thus far in 2022 are:…
