U.S. Meat Export Federation | Study Shows Export Value | A new study, report...
U.S. Meat Export Federation
Study Shows Export Value
A new study, reported by USMEF Vice President, Export Services Paul Clayton during the Beef Industry Summer Meeting in Reno Wednesday, found that exporting beef and beef variety meats accomplished three things: (1) it raised the number of potential customers and resulting aggregate demand; (2) it increased the value of U.S. products by allowing sellers to find buyers willing to pay the highest price globally, not just domestically; and (3) the total value of exports amounted to the equivalent of $12.45 per hundredweight on fed steers.
“In short, access to the export market benefits the U.S. beef industry by increasing the number of consumers, an increase in aggregate demand, and by adding consumers who complement U.S. demand by paying higher prices for certain underutilized parts of the beef animal,” the study, which was funded by state beef councils, concludes.
For more information, go to Clayton’s presentation ,the study or the USMEF media release, or contact Market Analyst Michael Zerr (mzerr@usmef.org).