Global 2015 beef exports will reach a record 10.2 million tons, according to the latest Livestock and Poultry World Markets and Trade report from the U.S. Department of Agriculture (USDA).
According to Drovers Cattle Network, the global beef exports estimate is up 3 percent from the last report issued in October 2014. U.S. beef production is up 2 percent from the October report to 11.1 million tons. This is primarily based on heavier cattle weights. U.S. beef exports are revised 5 percent lower to 1.1 million tons due to a stronger dollar.
In breaking out exports by country, the report shows India increasing its lead over Brazil as the world’s largest exporter of beef. Much of India’s beef production and exports come from Buffalo, rather than cattle. Australia is the third largest beef exporter, followed by the United States.
Click here for USDA’s full world markets and trade report.