korea

Year-end data from USDA shows that that U.S. beef exports reach new heights in 2022, including double digit growth in export value.  U.S. Meat Export Federation President and CEO Dan Halstrom said volume in 2022 was up a few percentage points from 2021, establishing that new export value record of $11.7 billion...

The name of the game for most U.S. commodities is international trade, finding new markets and expanding existing ones.  And the U.S. beef sector is no different.  The University of Idaho’s Dr. Phil Bass said the beef industry is starting to get some help when it comes to trade agreements, adding that the U.S. Meat Export Federation...

After recording huge numbers in 2021, beef export figures came back to earth in November 2022.  But the news is far from bad, according to U.S. Meat Export Federation President and CEO Dan Halstrom.  He noted while beef exports were down year-over-year in November, several markets set new yearly value records in just 11 months.   “Korea, Ch...

The USDA’s Foreign Agricultural Service released a report titled U.S. Beef Exports to East Asia on a Record Pace.  Despite economic uncertainties brought on by COVID, continued global supply chain challenges, and a competitive global beef market, American exports to East Asia were outstanding in the first half of 2022 in terms of value and volume.   The re...

Governor Kate Brown wrapped up her trade mission to Asia Tuesday.  South Korea is Oregon’s third largest export market for food and agricultural products, and no country the Governor pointed out buys more Oregon blueberries.  And Brown said she thinks there’s room for growth and expansion.   “Oregon blueberries ar...

A team of feed grain and DDGS buyers from Korea will be in the U.S. in the coming days to take a close look at the corn crop.  The team, which includes a Korean government official, will get to better understand grain quality control and export systems in Washington, Nebraska, Iowa, and Illinois.  The tea...

South Korea is the largest value market for U.S. beef exports, and it's on pace to possibly reach $3 billion this year.  In an effort to combat rising prices, Korea  created a duty-free quota for American beef.  Erin Borror, Vice President for Economic Analysis at the U.S. Meat Export Fede...

After a slight volume decline last year, U.S. beef exports to Taiwan have returned for 2022.  The USMEF’s Joel Haggard, U.S. Meat Export Federation, Senior Vice President for the Asia Pacific said this increase started in 2021 when China was “really hitting on all cylinders”, but buyers in Taiwan that compete for the same cuts that China does, hesitated a little bit.  Haggard said the speculat...

The Administration is gearing up for talks with key trading partners when it comes to the Indo-Pacific Economic Framework. The hope is the strategy will strengthen trade relationships with allies in Asia. Travis Arp, Assistant Vice President of Export Services with U ...

American beef exports shattered previous volume and value records in 2021, surpassing $10 billion for the first time. December beef exports totaled almost 125,000 metric tons, up 1% from last year, while value jumped 33% higher to $992 million ...