Beef Exports Facing Headwinds
So far in 2022, beef exports have increased over the record levels of 2021. The January – September period has total beef exports up 4.6 percent year-over-year. However, the latest data shows that exports during September, were down 5.7 percent year-over-year, the largest, and only the second monthly decrease in beef exports in 30 months. The only other monthly decrease in beef exports since March 2020 was a 0.9 percent year-over-year decrease in March 2022. The recent decrease in beef exports may indicate that global economic weakness is having negative impacts on beef exports, as has been feared.
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