Last week Kenny briefly covered the first six months of beef trade data that we have for 2022. USDA will release July’s trade data this Thursday. I want to take a closer look at U.S. beef exports ahead of that release. Specifically, what beef do we export? And, why do we export it?
The LMIC forecasts 2022 commercial cattle slaughter at 33.7 million head, down 0.4 percent from 2021. Beef from 34 million head will go to one of three destinations: domestic retail, domestic food service, and exports. Markets find the highest valued…
