Twenty eighteen was a strong year for U.S. beef export markets. According to data compiled by USDA and the U.S. Meat Export Federation, beef exports were up nine percent year-over-year and value was up 17 percent for January through October of 2018. “China is a huge market that just opened up, and I also see a lot more education and promotion happening in Japan and Korea,” says Jared Brackett, secretary/treasurer, Cattlemen’s Beef Board. “If we didn’t have that export demand at record levels of beef production, producers would definitely see depressed prices.” With strong production and exports, Brackett adds there an emphasis on how checkoff dollars are being spent. “We exported over $8 billion worth of beef. On average, that puts $338 on every carcass, so a good chunk of that goes back into producers pockets.”
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