Dan’s Cow–Calf Corner Beef Trade Update

Derrell S. Peel, Oklahoma State University Extension Livestock Marketing Specialist — For the first four months of the year, beef exports are down 9.0 percent year over year from record exports in 2022 following a 12.0 percent decrease in April compared to last year. With beef production falling, a relatively strong dollar and some global macroeconomic weakness, a decrease in exports has been expected. Thus far in 2023, South Korea is the largest beef export destination, outpacing Japan in the months of March and April to achieve a 23.3 percent share of total beef exports. South Korea, along with Mexico…

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